New Mortgage Foreclosures Set Record
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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The number of loans past due among people with weak credit histories rose to 13.33 percent. One lender, New Century, faces delisting and an S.E.C. investigation.
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The state's looming foreclosure crisis escalated last month as the number of homeowners threatened with foreclosure more than doubled from a year earlier.
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U.S. foreclosures last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals more homeowners are unable to pay their mortgages
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U.S. homeowners began the foreclosure  process at a record pace in the first quarter of 2007, largely  due to a sharp rise in previously hot real estate markets such  as California and Florida.
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Countrywide Financial, the nation's largest home loan lender, reported yesterday that foreclosures and late payments on mortgages in December soared to their highest levels in five years.
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High numbers of residents in foreclosure in these 50 counties owe more than what their homes are worth.
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THE REGION Foreclosure filings in Massachusetts rose 72 percent last month as a growing number of homeowners were put in financial distress by the housing market's sharp downturn. ForeclosuresMass.com, which tracks Land Court foreclosure filings against homeowners by mortgage lenders, said there were 1,812 filings last month against borrowers who were past due, up from 1,055 filings in August 2005. ...
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Business & money: Fresh evidence emerges over the depth of America's sub-prime mortgage crisis.
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Sales of existing U.S. homes rose  unexpectedly to a record high in November and prices surged as  low mortgage rates fueled home-buying, a trade association  report showed on Wednesday.
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Business & money: Number of repossessed homes to reach highest level since 1990s, says Council of Mortgage Lenders.
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Late payments and new foreclosures on U.S. homes rose in the third quarter and are likely to grow as a massive wave of adjustable-rate mortgages reset at higher interest rates, the Mortgage Bankers Association said on Wednesday.
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New Web sites have helped to fuel the rampant mortgage fraud that has caused a huge spike in loan defaults.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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The rate of U.S. home loans entering the foreclosure process rose to a record level in the first quarter of 2007, while late payments fell from the previous quarter, an industry trade group said on Thursday.
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LOS ANGELES -- The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing...
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Mortgage lending hits a record high for the month of January, according to the Council of Mortgage Lenders (CML).