WASHINGTON — The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills. The mushrooming foreclosure ..., more
and Rising unemployment accelerates foreclosures - News-Star WASHINGTON — Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor. In past recessions, the housing ..., more
and Treasury Department: Americans Can Expect Millions Of Foreclosures - All Headline News Washington, D.C. (AHN) - Assistant Secretary for Financial Stability Herbert Allison delivered written testimony to the Senate Banking Committee on Friday, briefing lawmakers on the Obama administration's ongoing efforts to keep troubled homeowners ..., more
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