New foreclosure record set in U.S.
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Posted: 2:46 PM Sep 8, 2008
New foreclosure record set in U.S.
Homeowners set a new record in home foreclosures for the month of July.
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The Mortgage Bankers Association says 9.2 percent of homeowners with mortgages were either behind on their payments or in foreclosure at the end of June, setting a new record for foreclosures.

That's up from 8.8 percent at the end of the first quarter, and a huge jump from 6.5 percent a year before.
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