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Foreclosure backlog continues to threaten economic recovery

Renae Merle of The Washington Post reports that a backlog of delinquent mortgages threatens the nation's economic recovery. "It masks the full extent of the foreclosure crisis and threatens to depress prices even further just as some parts of the country are hinting at recovery. For lenders, it could portend even more financial losses tied to the mortgage meltdown." Economists say economic recovery is dependent on the stabilization of the housing market.

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