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New York

Foreclosure numbers up in the Bronx

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More Bronx homeowners are facing foreclosures this year than in the past. The number of “lis pendens” actions filed in the borough — which signal upcoming foreclosures — rose 21 percent in 2006. Experts blame “unscrupulous lending practices” and a rise in rates for many adjustable-rate mortgages. more [NYDN]
Mortgage applications fall more [NYP]