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Aug. data signal lenders stepping up foreclosure action
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Aug. data signal lenders stepping up foreclosure action
Further fueling the problem, the local economy is weakening, said economist Alan Clayton-Matthews, a professor at Northeastern University. While the state’s unemployment rate has fallen to 7.4 percent, he said, it doesn’t take into account the tens of thousands of people who have dropped off the jobless rolls. “People have given up looking’’ for work, Clayton-Matthews said.
http://www.boston.com/realestate/news/articles/2011/09/30/lenders_step_up_mass_foreclosure_actions_in_august/
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