Thursday, August 23, 2007

Late loans soar on troubled mortgages: FDIC (Washington Post)

WASHINGTON (Reuters) - The Federal Deposit Insurance Corporation said on Wednesday delinquent loans at U.S. banks jumped 36 percent to $66.9 billion in the second quarter, the biggest quarterly increase since 1990, largely fueled by unpaid real estate loans.

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[Source: Yahoo! News Search Results for mortgages]

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