A record number of U.S. homes were lost to foreclosure in the first
three months of this year, a sign banks are starting to wade through
the backlog of troubled home loans at a faster pace.
The number of U.S. homes taken over by banks jumped 35 percent in the
first quarter from a year ago. In addition, households facing
foreclosure grew 16 percent in the same period and 7 percent from the
last three months of 2009.
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