House-Price Drops Leave More Underwater Wall Street Journal The downturn in home prices has left about 20% of U.S. homeowners owing more on a mortgage than their homes are worth, according to one new study, signaling additional challenges to the Obama...
Bankruptcy Law Changes May Not Cut Home Foreclosures January 14, 2009 Bloomberg News A proposed change to bankruptcy laws that would allow judges to reduce consumers’ mortgages may not succeed in reducing the foreclosures that have been dragging...