Foreclosures Archives

U.S. Foreclosures Hit Record
By: manybanking.com Staff

By Sheree Curry The number of homes entering foreclosure is at a record high, according to data released today by the Mortgage Bankers Association. "While subprime ARM delinquencies and foreclosures are climbing in all states, in most states the actual number of loans involved is fairly modest," says Doug Duncan, the MBA's chief economist and senior VP of research and business development. Read more»

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