Thursday, September 6, 2007

Mortgages in foreclosure at record high (Washington Post)

WASHINGTON (Reuters) - The rate of home loans in foreclosure rose to a record high in the second quarter of 2007 as more homeowners in California, Florida and other states could not refinance their adjustable-rate mortgages, a trade group said on Thursday.

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[Source: Yahoo! News Search Results for mortgages]

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