Wednesday, May 14, 2008

US foreclosure filings climbed 65 percent YTY

Bloomberg.com: U.S.: "Foreclosures Climb 65% (year-to-year)as Loan Workouts Fall Short (Update3)

By Dan Levy
May 14 (Bloomberg) -- U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier as mortgage industry efforts to modify loans fell short."

Norton's comment: It is not over yet.

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