Luis E. Vergara, a director at Mission Capital Advisors said the CoreLogic report suggests an increase in the velocity with which servicers are liquidating non-performing loans. “However, the CoreLogic methodology omits 90+ day delinquent loans that were recently cured or modified and the likely occurrence of re-default for a subset of this group,” said Vergara. “The drop in shadow inventory may not be as rosy as the report implies.”