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: Credit Slips2.47% of All Residential Mortgage Are in Foreclosure
By Adam Levitin
According to the Mortgage Bankers Association's Delinquency Survey, 2.47% of 1-4 family residential mortgages are in foreclosure and 6.35% are delinquent. And Credit Suisse's prediction of 6.5 million foreclosures by 2012 still looms. Scary numbers.
Full post as published by Credit Slips on June 05, 2008 (boomark / email).
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