Mortgage Industry Faces ‘Staggering’ Backlog of Foreclosed Homes

The backlog of real estate-owned homes held by banks and the government is “staggering,” Fitch Inc. said this week.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_497/mortgage-industry-backlog-foreclosed-homes-1027890-1.html

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