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Morning Mortgage Meltdown: Carnage Lets Up Just a Bit

The needle on the foreclosure meter's ticked downward a little thanks to new policies and loan modification programs, but year-over-year, they're still up by almost a third. California unsurprisingly has the most foreclosures in the nation, with one in every 218 homes receiving a foreclosure filing. Look no further than the Riverside-San Bernardino area for the state's worst-off– one out of 107 homes got foreclosure filings. Not. Fun. [SF Business Times]