Record 31.8 million on food stamps

Government shows increase of 700,000 food stamp recipients in a single month.
//snipurl.com/dabxn



One in 8 US homeowners late paying or in foreclosure

About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.

//www.reuters.com/article/marketsNews/idUSN0531503420090305



Mortgage woes break records again in 4Q

Delinquencies, foreclosures rise to almost 12 percent of US home loans in 4th quarter
//finance.yahoo.com/news/12-pct-are-behind-on-mortgage-apf-14553386.html



Pictured: The credit crunch tent city which has returned to haunt America

Today, tents are once again springing up in the city of Sacramento. But this time it is for people with no hope and no prospects.

//snipurl.com/dac3b



Ten Things You Can Do to Stay in Your Home

Every thirteen seconds, an American loses his/her home. In 2008, more than 2.3 million families faced foreclosure. If the government doesn't intervene in a muscular way, an estimated 6 million owners will lose their homes in the next three years.

//www.thenation.com/doc/20090323/ten_things?rel=hp_currently


From Information Clearing House

--------

Foreclosures Now Affecting 1 in 8 American Homeowners

J.W. Elphinstone, The Associated Press: "Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every 8 American homeowners. It's an economic role-reversal: The economy, driven down by the collapse of the housing bubble, is causing the housing crisis to spread."

//www.truthout.org/030609U



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