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Borrowers Bouncing Back From Foreclosures

Homeowners who lost their properties to foreclosures are starting to bounce back and are qualifying for new mortgages, The Wall Street Journal's Annamaria Andriotis, Laura Kusisto and Joe Light report. More than 5 million families lost their homes to foreclosure between 2007 and 2014, but foreclosures and other negative credit events come off credit reports after about seven years. “'The dark shadow of the foreclosure crisis is finally beginning to fade,”' Mark Zandi, chief economist at Moody’s Analytics, a unit of Moody’s Corp, told the WSJ. '“That should be a positive for single-family housing and, by extension, for the broader economy.”'