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September Foreclosures

One in every 475 U.S. housing units received a foreclosure notice last month. Foreclosures were reported on 265,968 properties in September, a 12 percent decrease from the previous month but a 21 percent increase from September 2007.

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Treasury Considers Backing Mortgages
Article | The federal government may start guaranteeing home mortgages to persuade lenders to ease the monthly financial burden on struggling homeowners, Federal Deposit Insurance Corp. Chairman Sheila C. Bair said yesterday.

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