As lenders review foreclosure procedures, many foreclosure actions have been delayed, leading to a 21 percent drop in foreclosure activity in November, according to the December Housing Scorecard released today by the U.S. Department of Housing and Urban Development and the Department of the Treasury. However, the decline is likely to be temporary as lenders eventually resubmit foreclosure paperwork in the coming months. As expected, the scorecard reported that new and existing home sales remained below the levels seen in the first half of 2009, due to the expiration of the homebuyer tax credit. The report also shows that home prices and home equity declined moderately, as prices remain unsettled. TRD