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Foreclosure wave not over for Fifth Third Bank

Foreclosures are still haunting some banks apparently. The Business Courier out of Cincinnati says Fifth Third Bank home loans in the foreclosure process shot up in the fourth quarter.

The worst of the foreclosure wave might be past, but the wave hasn’t finished crashing yet. Cincinnati-based Fifth Third Bank’s home loans that were in the foreclosure process rose by nearly $4 million during the fourth quarter to top $579 million at year-end, according to filings with the Federal Deposit Insurance Corp.

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