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Mortgage Delinquencies Hit Record High

HeadlineNov 20, 2009

The number of Americans struggling to pay their mortgages has hit a new record high. New figures show 14 percent of borrowers, or 7.4 million households, are either behind on their payments or in foreclosure. The Mortgage Bankers Association says it expects delinquencies to rise as the economy continues to shed jobs.

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