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Changing of the guard in US foreclosure rankings

New firms catch up with big banks, which are selling delinquent loans and modifying distressed mortgages to meet terms of settlements with authorities

Most of the newer firms that are moving up in the foreclosure rankings are those that bought soured mortgages and seek to profit by restructuring those loans and getting delinquent borrowers to make payments again.

New York

THE number of US home foreclosures is down sharply from the depths of the financial crisis, even as many of the mortgage firms involved remain the same, including Fannie Mae, Wells Fargo, Bank of America and JPMorgan Chase.

But the latest foreclosure rankings also include...

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