U.S. home foreclosures for January increased 57 percent from a year earlier, but the pace at least temporarily subsided in response to private and government efforts to help homeowners, RealtyTrac said.
Mortgage companies and counselors, endorsed by the Treasury, are modifying many high-risk mortgages, aiming to improve affordability and keep borrowers in their houses.
Foreclosure filings in January rose 8 percent from the prior month after jumping 19 percent a year earlier, the real estate marketing company said on Tuesday.
Foreclosures up 57%
