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IPFS News Link • Housing

New Mortgage Foreclosures Set Record

09-07-2007 • AP

The number of homeowners receiving foreclosure notices hit a record high in the spring, driven up by problems with subprime mortgages. The Mortgage Bankers Association reported Thursday that mortgage-holders starting the foreclosure process

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Reported By Jean Carbonneau

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New Mortgage Foreclosures Set Record

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