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Foreclosure Rate Hits the Roof

Subprime mortgage crisis also sparks rise in US delinquencies

By Zach Samalin, Newser Staff

Posted Sep 6, 2007 6:23 PM CDT

(Newser) – The number of US home loans entering foreclosure reached an all-time high in the second quarter, a new survey shows, and delinquencies are up to more than 5% of all mortgages. Trouble with adjustable-rate mortgages—an outgrowth of the subprime crisis—is driving delinquencies, CNNMoney... Read full story »

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Foreclosure Rate Hits the Roof

Subprime mortgage crisis also sparks rise in US delinquencies

housing market • subprime mortgages • Michigan • Mortgage Bankers Association • home loans • foreclosures

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More Newser Stories

Home Foreclosures Hit Record

August numbers double, with no end in sight

Monthly Foreclosures Climb Again

Figures jump 93% over 2006; 1 in every 693 households in default

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

Goldman Seizes Homes as Securities Sour

Just getting them to admit they hold your mortgage can be an ordeal

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

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