"More than one million homes are now in foreclosure according to a trade group, showing that the housing crisis is growing worse.
The Mortgage Bankers Association's first quarter report showed that a record 2.5% of all home loans being serviced by its members are now in foreclosure, which works out to about 1.1 million homes. That's up from the 2% of loans, or about 938,000 homes, that were in foreclosure at the end of 2007."
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More than a million homes in foreclosure in latest report
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