LINDA WERTHEIMER, host: NPR's business news starts with a new foreclosure record.</s>LINDA WERTHEIMER, host: More American homes were repossessed by banks in August than in any month since the housing market began to crumble three years ago. That's according RealtyTrac, the foreclosure listing service.</s>LINDA WERTHEIMER, host: The states with the highest foreclosure rates include Florida, Arizona and California. Nevada had the highest rate of all: One out of every 84 households there received a foreclosure notice last month.</s>LINDA WERTHEIMER, host: Not all those homes are going back on the market right away. Lenders are worried that would depress housing prices even further.
New foreclosure data shows lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis three years ago. Foreclosure listing service RealtyTrac Inc. says about 95,000 homes were repossessed by lenders last month.