Ouch. More results from the Republican economy. So what does McCain have to say about this? Maybe his economic mastermind Phil Gramm can explain how this economy drifted so badly.
Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
"The national foreclosure numbers continue to be driven by the hardest-hit states continuing to get much worse," Jay Brinkmann, MBA's chief economist and senior vice president for research and economics, said in a press release.
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