Monday, July 6, 2009

Not Much Relief - New York Times

Four months into the Obama administration’s antiforeclosure effort, the White House’s best guesstimate is that “over 50,000” at-risk loans have been modified so that homeowners can afford their payments and keep their homes. A Treasury ..., more 
and Next foreclosure wave is in view - Los Angeles Times Blogs  Amid rising unemployment and falling home prices, mortgage defaults have surged to record levels this year. Until recently, many banks have put off launching foreclosure action on the troubled properties, in part because they had signed up for the ..., more 
and Another wave of foreclosures is poised to strike - Newsday  WASHINGTON - Just as the nation's housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled ..., more 

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