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Home foreclosures may rise before bank deal helps housing market

Home foreclosures may rise before bank deal helps housing market By Prashant Gopal and John Gittelsohn Bloomberg News Published Feb 10, 2012 12:20PM MDT New York • The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. Lenders slowed the …

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