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Foreclosure risk rises as 167000 face action in Q3
The Mortgage Bankers Association reports about 167,400 U S homeowners faced foreclosure proceedings in the third quarter amid a worsening job market. Delinquency rates declined slightly but new foreclosure actions rose to 0.62 percent of loans, signaling continued strain despite lower rates and potential relief if unemployment remains high.
MENTIONED IN THIS ARTICLE
Washington
Mark J. Riedy
Mortgage Bankers Association of America
Riedy
MBA