US DATA: US CoreLogic Nat’l foreclosure report said the pace of
completed foreclosures held steady m/m in June at 60k; the same as in
May, however less than the 80k in June 2011. Mark Fleming the CoreLogic
chief econ said completed foreclosures and REO short-sales
‘virtually’ offset eachother but are starting to diverge with
short-sales declining and foreclosures holding steady. He said this
could lead to the foreclosures inventory rising going forward.