Saturday, October 25, 2008

US Foreclosures Up By 71%: Worst hit Nevada & California.

The Bush administration is reportedly considering a new program aimed at helping individual homeowners stay in their homes and avoid foreclosure. Sheila Bair, chairman of the Federal Deposit Insurance Corp., has told lawmakers the government should provide loan guarantees as an incentive to get loan-servicers to modify existing mortgages.

read more | digg story

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