Foreclosure

Mortgage Delinquencies, Foreclosures Hit Record

Mortgage Delinquencies, Foreclosures Hit Record

A record one in 10 U.S. mortgage holders were either behind in their payments or in foreclosure at the end of the third quarter, according to data released this morning by the Mortgage Bankers Association. The group estimates that 2.2 million homeowners will enter the foreclosure process this year.

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