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IPFS News Link • Economy - Economics USA

1 in 11 Mortgageholders behind or in foreclosure

6-06-08 • NYtimes.com

All told, about 8.8 percent of home loans were past due or in foreclosure, or about 4.8 million loans. That is up from 7.9 percent at the end of December. (About a third of American homeowners do not have mortgages.)

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