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(Image from article: "White House rejects foreclosure moratorium")

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Bank of America Plans to Resume Foreclosures

Curtailing a moratorium sooner than expected, Bank of America said it would resume 102,000 foreclosures in 23 states where court approval is needed to go ahead.

White House rejects foreclosure moratorium

The White House Tuesday rejected calls for a broad moratorium on home foreclosures, saying it feared such a step could harm the U.S. housing market and hinder a housing recovery.

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