One in 8 U.S. households late paying or in foreclosure (Reuters)

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One in 8 U.S. households late paying or in foreclosure
    (Reuters)

 

Reuters - About one in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.


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