Testimony By Secretary Henry M. Paulson on Bailouts

Wednesday, September 24th, 2008

Treasury Secretary Henry Paulson on Tuesday presented his testimony before the Senate Banking Committee on the proposed $700 billion U.S. financial market bailouts. "I appreciate that this is a difficult period for the American people. I also appreciate that Congressional leaders and the Administration are working closely together so ...

Posted in Foreclosure Laws, Foreclosure Statistics, Housing Bill, Nation | 251 Comments »

Increasing Mortgage delinquencies and Foreclosures sadly strike a new record

Tuesday, September 9th, 2008

According to a second quarterly survey report released on Friday by Mortgage Bankers Association’s (MBA) National Delinquency shows mortgage loan delinquency for the second quarter is at 6.41 percent which is the highest recorded in the MBA survey (up from 6.35 percent from the previous quarter). Also the increase ...

Posted in Business News, Foreclosure News, Foreclosure Statistics, Nation, Nation News, Real Estate | 97 Comments »

RealtyTrac reports 8 percent increase in July 2008 Foreclosure activity

Thursday, August 14th, 2008

The July 2008 U.S. Foreclosure Market Report(TM) released today by RealtyTrac(R) shows 272,171 Foreclosure filings in July, an increase by 8 percent from June and a 55 percent increase from July 2007. The report also shows one in every 464 U.S. households received a foreclosure filing during the month. “Bank repossessions, ...

Posted in Foreclosure News, Foreclosure Statistics, Nation News, Real Estate | 115 Comments »