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IPFS News Link • Housing

1 in 8 US homeowners late paying or in foreclosure

05-28-2009 • Reuters

One of eight U.S. 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

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Reported By Powell Gammill

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1 in 8 US homeowners late paying or in foreclosure

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