Leading Democrats, such as Senate Majority Leader Harry M. Reid (D-Nev.) whose state was hit hard by the real estate downturn, have called on lenders to halt foreclosures. But the Obama administration says a nationwide delay could devastate the fragile real estate market in places like Florida.
Foreclosure nation
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U.S. mortgage delinquency rates remain near historic lows: CoreLogic
The share of mortgages that were six months or more past due fell to its lowest level in 15 years in February