US foreclosure filings up 68 pct in Nov.
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U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company.
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Sales of previously owned homes in November posted their best month on record as low mortgage rates enticed buyers to live the American dream.
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Foreclosure filings rose 36 percent in  August from July and 115 percent from a year ago, hit by  declines in once-hot housing markets such as California, Nevada  and Florida, according to a report released on Tuesday.
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NEW YORK, December 2  - The US witnessed increased factory activity in November, with new orders and employment picking up in the manufacturing sector.
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U.S. retail sales rose 0.1 percent  in November, the Commerce Department said on Monday in a  stronger-than-expected report that cemented views the Federal  Reserve will raise interest rates again this week.
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Late payments on U.S. mortgages increased in the fourth quarter to their highest level in three and a half years and foreclosures rose, driven by subprime borrowers with weak credit, the Mortgage Bankers Association said on Tuesday.
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Property repossessions rise 9% in the second half of 2006 while annual repossessions hit a six-year high.
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The US manufacturing sector continued to expand in November, registering the 18th consecutive month of expansion, the Institute for Supply Management (ISM) reported Wednesday.
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US retail sales rose 0.1 percent in November, the Commerce Department said on Monday in a stronger-than-expected report that cemented views the Federal Reserve will raise interest rates again this week.
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New applications for US home mortgages increased last week, as purchase activity rose amid lower mortgage rates, an industry group said on Wednesday.
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Home foreclosure filings surged in the  largest metropolitan areas in the United States during 2007,  with cities in California, Ohio, Florida and Michigan reporting  among the highest rates in the country, real estate data firm  RealtyTrac said on Wednesday.
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The pace of existing home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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New applications for U.S. home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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New applications for U.S. home loans  rose last week along with mortgage refinancings as 30-year  mortgage rates eased to their lowest levels in six months, an  industry group said on Wednesday.
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Homeowners increased their mortgage borrowing by almost $600 billion in the last quarter of 2006, an annual pace of 6.4 percent.
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U.S. retail sales increased by 0.1  percent in November, the Commerce Department said on Monday,  slightly stronger than expectations, while the previous month  was revised sharply higher.
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Countrywide Financial Corp , the largest U.S. mortgage lender, said on Wednesday that foreclosures and late payments rose in December to the highest on record, though it made more loans than expected in the fourth quarter.