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Home loan delinquencies leap up

More Mass. owners in foreclosure process

By Thomas Grillo and Jerry Kronenberg
Friday, November 20, 2009 -
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Nearly one Massachusetts mortgage customer in 10 was behind on their loan during the second quarter - the worst delinquency rate ever, new figures show.

The Mortgage Bankers Association reported yesterday that 9.32 percent of all Bay State borrowers were at least 30 days late on home loans during the period. That’s the highest tardiness rate in the 30 years the association has tracked such data.

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mikedudical
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The key word is \"JOBS\"!!!! Until we have more jobs we will continue to spiral downward. Every day more and more Banks and Credit Unions are repossessing property from people who have lost jobs (see: http://www.repofinder.com). It\'s the economy, stupid.
 
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Jason
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Ideology is more important than jobs to the politicians today. After all, it makes them feel all warm and fuzzy knowing that the natural gas terminal in fall river that would've created hundreds of jobs and lowered the price people pay for LNG by at least 30% was blocked to save a dillapitated rail road bridge. Or increase competitiveness against 50 other states and dozens of other countries that see this jobs in this state as ripe for the picking because it is run by a bunch of morons.
 
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