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House Foreclosure Filings in July Jump 93 Percent

HeadlineAug 22, 2007

In economic news, the number of house foreclosure filings reported last month in the United States jumped by 93 percent from a year ago. There were nearly 180,000 foreclosure filings in July. Nevada, Georgia, Michigan, California, Florida and Ohio were the hardest hit. The foreclosure rate in Nevada is now three times the national average. Meanwhile, the nation’s largest mortgage lender, Countrywide Financial Corp., announced on Monday that it had eliminated about 500 jobs.

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