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Archive Home > 2008 > June > 06 > Mortgage troubles reach record levels

Mortgage troubles reach record levels

First-quarter foreclosures and delinquencies jump in U.S.

By Maura Reynolds / The Bulletin
June 6, 2008

WASHINGTON — Mortgage delinquencies and foreclosures reached record levels in the first three months of this year, driven higher by increasing housing woes in California and Florida, the Mortgage Bankers Association reported Thursday.

Nationally, 6.35 percent of all mortgages were....

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