At least 1.3 million mortgages were either seriously delinquent or in foreclosure at the end of the third quarter, according to the Mortgage Banking Industry. Enter the mortgage lenders. At 11:15 a.m. today six major lenders are due to announce a stepped-up effort to rescue homeowners on the brink of foreclosure. (Here’s the full story in today’s Journal.)
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Tuesday, February 12, 2008
Rise in Foreclosures Leads to New Rescue Plan, Possibility for Bargains
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