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Archive Home > 2009 > August > 21 > Mortgage defaults rise to record 13%

Mortgage defaults rise to record 13%

By Martin Zimmerman / The Bulletin
August 21, 2009

The mortgage meltdown continued to worsen in the second quarter as the number of homeowners who are either behind on their payments or in foreclosure rose to more than 13 percent nationwide " a new record.

The percentage of loans at least 90 days past due and the number of mortgages in....

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