World-News

Lynn Adler, Reuters: "One of eight US households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday."

http://www.truthout.org/052809U

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Foreclosures, mortgage delinquencies climb at record rate

McClatchy News

05/28/09

A record 12 percent of all U.S. mortgages were at least one payment behind or in the foreclosure process during the first three months of this year, a report said Thursday. In a reminder that the nation’s economic problems aren’t going away anytime soon, the report also found that the foreclosure rate on prime fixed-rate loans to financially healthy borrowers has doubled in the past 12 months...

http://www.mcclatchydc.com/227/story/69014.html


Informant: Thomas L. Knapp

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Foreclosures at Record High in First Half 2009 Despite Aid

Lynn Adler, Reuters: "U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated."

http://www.truthout.org/071609A?n



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