The number of homes entering the first stage of foreclosure fell in the fourth quarter compared with the previous quarter, MDA DataQuick says -- a sign that banks are working with delinquent borrowers.
Fewer Californians entered foreclosure during the last three months of the year as bailed-out banks appeared to step up their work with delinquent borrowers, according to data released this morning, although the number of homes taken back by banks rose slightly.