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Released: August 27, 2010

Foreclosures fall, but early delinquencies rise

Source: David Streitfeld, NY Times (Free Registration)

The foreclosure crisis might have finally peaked in the first half of this year, but with the continued weakness in the economy and the recent deterioration of the housing market, the gains may prove fleeting.

For the first time since 2006, the number of loans in the process of foreclosure fell in the second quarter, the Mortgage Bankers Association said Thursday. Some other measures of delinquency also dropped.

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