Foreclosures Hit 50-Year High

If you're not talking about the crazy gas prices then you're probably talking about the crazy real estate market. Well, a new report from the Mortgage Bankers Association says that foreclosures for the first three months of 2007 is the highest it's been in more than 50 years. Poor lending practices are taking blame for exacerbating the problem. California, Nevada, Florida and Arizona are credited as the force behind this surge. Click here to read the full article.

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