Housing Plan Helps 20 Pct in Calif, Nev., Ariz.
Housing Plan Helps 20 Pct in Calif, Nev., Ariz.
November 10, 2009, Associated Press
The Obama administration's plan to combat the foreclosure crisis has reached about 20 percent of troubled homeowners in the states most affected by the housing meltdown, according to data being released Tuesday. n California, about 130,000 homeowners have been enrolled in the "Making Home Affordable" loan modification plan, which President Barack Obama unveiled in February. That works out to about 19 percent of homeowners who were either two payments behind or in foreclosure at the end of last month, according to Treasury Department data.
Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
November 10, 2009, CNBC.com
Unemployment in the United States will shoot to 10.5 percent by the middle of next year, constraining the Federal Reserve's ability to raise interest rates, according to economists surveyed by Reuters. The survey's findings, drawn from a sample of around 50 economists across the U.S. and Europe, come on the heels of a government report on Friday showing that the nation's jobless rate jumped to a 26-1/2-year high of 10.2 percent in October.