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 administration's efforts to stabilize the housing...
New Bailout May Top $1.5 Trillion Washington Post February 10, 2009 The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a three-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly...
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10 Feb 2009
Filed under: Filed under: Pre-Foreclosures, Real Estate Trends, Recession, housing slump, RealtyTrac, ForeclosureTrends, mortgage meltdown, Real Estate News, real estate, foreclosure statistics, foreclosure filings
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 down property prices, according to a Barclays Capital...