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Archive for August 9th, 2007

Adjustable Rate Mortgages Blamed for Bulk of Foreclosures

Democratic presidential candidate Hillary Clinton blamed adjustable rate mortgages for a record number of foreclosures throughout the country and in New Hampshire. So far this year, there have been 1,400 Foreclosure filings in New Hampshire, compared to 150 filings in the entire state last year.
Senator Clinton said she will introduce legislation this fall that will [...]