US mortgage woes break records again in Q4 (The Malaysian Insider)

March 6th, 2010 | by DebtFree.net |

NEW YORK, March 6 — Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every 8 American homeowners. It’s an economic role-reversal: The economy, driven down by the collapse of the housing bubble, is causing the housing crisis to spread. Figures released yesterday show that nearly 12 per cent of all Americans with a …
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