Foreclosures up 57 percent in the past year

The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said Monday.

http://www.msnbc.msn.com/id/23342585/%20target=



One in 10 Home Loans Under Water

One-tenth of U.S. homeowners hold mortgages that are larger than the worth of their homes, Moody's Economy.com said Friday.

http://moneynews.com/money/archives/articles/2008/2/22/141644.cfm


From Information Clearing House



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