Delinquency and foreclosure rates for U.S. mortgages continued to
rise in the second quarter, with loans to the most qualified borrowers
going bust at an unnerving clip, especially in hard-hit states such as
Florida and California.
The numbers reported by
the Mortgage Bankers Association show clearly that rising job losses
are worsening the nation's housing troubles and threaten the Obama
administration's efforts to keep owners from losing their homes.
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