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Real Estate & Property Law

: Housing Wire

Home Equity Delinquencies Hit Record High

By PAUL JACKSON

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Mounting job losses continued taking their toll on consumer finances during the fourth quarter of 2008, according to data released Thursday by the American Bankers Association. The group said that a composite index tracking eight closed-end installment loan cateogories, rose 32 basis points to a record 3.22 percent of accounts on a seasonally-adjusted basis. The [...]

Full post as published by Housing Wire on April 02, 2009 (boomark / email).

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