Thursday, April 15, 2010

US slips into second gear – just as planned!!

Foreclosure rates surge, biggest jump in 5 years

US homes facing foreclosure jumped 16 percent in 1st-quarter as banks take back more homes. LOS ANGELES (AP) -- A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report. RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.

Posted by mr cobblepot @ 01:25 PM (784 views)
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One thought on “US slips into second gear – just as planned!!

  • mark wadsworth says:

    *ahem*

    “Vendors left ashen-faced as eruption deters home buyers”

    */ahem*

    Reply
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