WSJ Marketwatch, By Amy Hoak

CHICAGO (MarketWatch) — Recent statistics show foreclosure activity is declining, but the nation’s foreclosure problem is far from over. What’s more, the drawn-out foreclosure crisis has lasting consequences for those who have lost their homes as well as the communities surrounding them.

Five million foreclosures have occurred since 2007, according to the Center for Responsible Lending, a nonprofit that works to protect homeownership by fighting predatory lending practices. And the crisis is only halfway over: There are 3 million to 5 million more foreclosures expected in the next couple of years, according to the center’s best estimate.

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