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BofA halts foreclosure proceedings

WASHINGTON, D.C. — A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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Mortgage aid sees dropouts

WASHINGTON, D.C. — More than 40 percent of homeowners seeking help from the Obama administration’s flagship effort to rescue those at risk of foreclosure have dropped out of the program.

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