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Biz Insight

U.S. home foreclosures set record in first quarter

California, Florida, Nevada and Arizona accounted for 89 percent of the total increase in new home foreclosures.
FILE/AP
California, Florida, Nevada and Arizona accounted for 89 percent of the total increase in new home foreclosures.
10:49 AM CT The latest snapshot of the mortgage market showed that the proportion of mortgages that fell into foreclosure soared to 0.99 percent in the first quarter. That surpassed the previous high of 0.83 percent over the last three months in 2007.
Map: 2007 Dallas-Fort Worth foreclosures by ZIP code


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Roku
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