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Your Morning Credit Crunch: Better in Boston?

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"Homes are being foreclosed in New York less than in nearly every other major US city, according to a study released yesterday. And the state is bucking a national trend that has reclaimed more homes this year than last. Eighty-seven of every 10,000 properties were seized in cities this first quarter, yet New York saw only 53 of every 10,000 foreclosed, according to the report, commissioned by the Metropolitan Washington Council of Governments and the mortgage company Freddie Mac. Only Boston, with 44, had fewer." [NYP]