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Foreclosures and delinquent home loans has hit another record high in
A report Friday from the Mortgage Bankers Association showed that more home loan borrowers are finding it difficult to make their monthly payments. And another report Friday demonstrated that little relief is in sight: The country's employers slashed 533,000 jobs nationwide in November, the largest monthly total in 34 years.
As of Sept. 30, more than 2.3 million home mortgages nationally were either in foreclosure or were 90 days past due, amounting to 5.2 percent of total loans. That compares with 2 million, or 4.5 percent, as of June 30.
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