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The percent of mortgages backed by the FHA that are in default has risen by a third over the last year. According to a report in The Washington Post, "About 9.1 percent of FHA borrowers had missed at least three payments as of December, up from 6.5 percent a year ago, the agency's figures show."

Continue reading FHA Numbers indicate Foreclosures Will Rise

FHA Numbers indicate Foreclosures Will Rise originally appeared on DailyFinance on Tue, 02 Feb 2010 05:10:00.

Filed Under: Real Estate