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Reuters: U.S. home foreclosures hit record high

Started by chris, March 06, 2008, 05:01:03 PM

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chris

U.S. home foreclosures hit record high
      


WASHINGTON (Reuters) - U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the fourth quarter, led by failing subprime loans, the Mortgage Bankers Association said on Thursday.
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