With more mortgages past due, foreclosures are expected to surge (Sun-Sentinel)

Story date: 2007-08-23 07:20:51
Added on: 2007-08-23 12:35:02

With more mortgages past due, foreclosures are expected to surge U.S. banks and thrifts suffered the biggest increase in late loan payments in 17 years as more homeowners fell behind on mortgages, the Federal Deposit Insurance Corp. said.


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