ALARMING Rise in Mortgage Defaults Points to Impending Foreclosure Crisis in America

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America's Federal Housing Administration's data shows that there has been a substantial surge in the delinquency rate on FHA loans.

Specifically, the 30-day delinquency rate which has escalated from 3.8% to 5.6% over the past year in America.

A rapid increase in the 30-day delinquency rate often suggests a likelihood of amplification in the 60 and 90 day delinquencies - initiating foreclosure filings.

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