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Reuters: Mortgage re-defaults rise with no sign of slowing

Started by dave, December 22, 2008, 07:59:22 PM

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dave

Mortgage re-defaults rise with no sign of slowing
      


WASHINGTON (Reuters) - The rate of home mortgage borrowers defaulting after their loans are modified is rising and may worsen as the economy deteriorates, U.S. banking regulators said on Monday.<div class="feedflare">
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