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Mortgage failures spark fears of foreclosure spike

Por: Newsweek Nation November 09, 2023

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Mortgage delinquencies are rising 15 percent year-over-year, signaling a potential increase in foreclosures as American households grapple with inflation, low housing supply and high mortgage rates.The trend marks the sixth consecutive quarter of delinquency increases, according to TransUnion's Credit Industry Insights Report, adding more pressure to an already distressed housing market.Delinquencies increased across all stages (early, mid... + full article



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