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More Than 5% of Americans Didn’t Pay Rent, Mortgage in December

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Mounting housing bills are one of the biggest shadows hanging over the U.S. economic recovery.

About 5 million Americans didn’t make their rent or mortgage payments in December, according to a survey released Monday by the Mortgage Bankers Association’s Research Institute for Housing America. That translates into more than 5% of total U.S. renters and mortgage holders.