Family Goes From Foreclosure To Skid Row (NPR)

Andy Bale, the director of Skid Row’s Union Mission in Los Angeles, has never seen this before: In just the last few weeks, he has admitted a half-dozen two-parent families, many of who have lost their homes to foreclosure. Bale says the face of Skid Row’s homeless is changing quickly.

1 in 10 Homeowners in Foreclosure, Late on Payments (Fox News)

A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.

Foreclosure crisis reaches record numbers (The Kansas City Star)

WASHINGTON | A record one-tenth of American homeowners with a mortgage were at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy.

Nearly 10% of U.S. mortgages are delinquent or in foreclosure (Market Watch)

The percentage of U.S. mortgage holders who were behind in their payments soared to a record 6.99% of loans outstanding in the third quarter, the Mortgage Bankers Association said Friday, and the number of mortgages somewhere in the foreclosure process was also at a new high.

Mortgage Delinquencies, Foreclosure Rise to Record in Recession (Bloomberg)

Dec. 5 (Bloomberg) — One in 10 Americans fell behind on their mortgage payments or were in foreclosure during the third quarter as the world’s largest economy shed jobs and real estate prices tumbled.

MBA Report Shows Crisis Deepens as Efforts to Stop Foreclosures Fail - MarketWatch

ABC NewsMBA Report Shows Crisis Deepens as Efforts to Stop Foreclosures FailMarketWatch - 10 hours agoThe only way to dampen foreclosures meaningfully is for Congress and regulators to give up the piecemeal approach and adopt a mortgage modification plan …Record Foreclosures Reported in 3rd Quarter Wall Street JournalMortgage Delinquencies, Foreclosures Rise to Record (Update3) Bloomberg1 in […]

Kashkari Defends TARP Against Congressional Criticism (Update2) - Bloomberg

AFPKashkari Defends TARP Against Congressional Criticism (Update2)Bloomberg - 14 hours agoThe Treasury has ignored the “clear congressional intent” of the Troubled Asset Relief Program to reduce home foreclosures, House Financial Services …Rep Frank: TARP Funds Must Be Used For Foreclosure Relief EasyBourse.comInterim Assistant US Treasury Secretary For Financial Stability … Exchange News DirectPaulson’s Remarks on the […]

Miami foreclosures dip, fundamentals stay grim - Reuters

Boston GlobeMiami foreclosures dip, fundamentals stay grimReuters - 8 hours agoBy Helen Chernikoff NEW YORK, Dec 5 (Reuters) - Foreclosure actvity in Miami dipped in November, possibly because of a rise in short sales, but the broader …Lower US mortgage rates help but jobs, prices key guardian.co.ukall 1,981 news articles

Frank Decries 'No Girls Allowed' On The Bailout Team - CBS News

China DailyFrank Decries 'No Girls Allowed' On The Bailout TeamCBS News, NY - 15 hours agoCongressional Democrats — Frank first among them — on the other hand have heaped praise on Bair, a Republican, for her advocacy of foreclosure prevention, …UPDATE 2-Senior US Democrats want Obama to keep FDIC chief Reutersall 313 news articles

$1.28m in grants to bolster foreclosure counselors - Boston Globe

$1.28m in grants to bolster foreclosure counselorsBoston Globe, United States - 1 hour agoMassachusetts has received $1.28 million in federal grants to support counselors helping delinquent borrowers avoid foreclosure. …

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