A new survey shows that Americans’ confusion over mortgage applications has become one of the most challenging aspects of buying a home today.
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CNBC / Managing a potential flood of foreclosures
REO inventory is rising. Four million seriously delinquent loans, out of 50 million first mortgage loans, and, according to Economist Mark Zandi, there are still over 600,000 properties in REO, which will only put more pressure on prices when they come to market.
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