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Saturday, September 4, 2010

FHA delinquencies continue to grow, refinance apps outnumber purchase apps

Look at the first paragraph

The rate of serious delinquent mortgages backed by the Federal Housing Administration (FHA) remained flat from June to July; however, the gross number of mortgages that are either 90 or more days past due or in foreclosure increased 31.5% from the same period a year ago

Read it all here

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