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GSE Serious Delinquencies Jumped 19 Percent in 1Q
Fannie Mae and Freddie Mac modified a lot of troubled mortgages during the first quarter, but the number of struggling homeowners who are seriously delinquent took a surprising jump as well. Meanwhile, foreclosure starts shot through the roof. “Mortgage delinquencies continued to increase,” during the period, the Federal Housing Finance Agency said in its first quarter 2009 foreclosure...
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