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US Foreclosure: Homelessness, Hunger - Page 3

New you.S. Homes Sales Plunged to Record Low in January

The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century Ref. Source 1

Hunger Homelessness Foreclosure US

Economist Dean Baker: Banks Could Be Big Winners of President Obama's Foreclosure Prevention Program

The Obama administration has announced changes to its signature foreclosure prevention program, Making Home Affordable. The initial foreclosure relief program unveiled one year ago was supposed to help up to four million struggling homeowners. So far fewer than 200,000 borrowers have been granted permanent loan modifications. Meanwhile, a record 2.8 million properties with mortgages received foreclosure notices last year, according to the real estate data company RealtyTrac. Ref. Source 7

US Foreclosure: Homelessness, Hunger History & Civil Business Politics

Mortgage programs not doing enough:

6 million families are currently 60 days past due and facing the possibility of foreclosure, and 200,000 families that are posted for foreclosure every single month. Ref. Source 2

Page 3 Hunger Homelessness Foreclosure US

Foreclosure activity up sharply despite loan modification program:

Banks were beginning to repossess properties at a faster clip despite the Obama administration's push to help borrowers. Ref. Source 1

Hunger Homelessness Foreclosure US

Foreclosure Rates Surge, Biggest Jump In 5 Year:

A record number of you.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report Ref. Source 4

US Foreclosure: Homelessness, Hunger

Mortgage Madness - Let The Fleecing Begin
By Mike Whitney

The market's in a shambles, decimated by years of fraud and perfidy. What was once a booming industry is now a shriveled, abscess-ridden corpse that buyers are avoiding like the plague. Ref. Source 3

US Foreclosure Homelessness Hunger - Page 3

These loans are just another way of getting us further in debt. It's kind of funny when you think about it. We owe the banks money from loans we take from them and they owe the government money. The money they received from the government came from us. The complete absurdness of it all is pretty comical I think.

Along the same lines the world economy is going to collapse more than it has already. Everything is being run in such a corrupt way people do not even realize. You cannot sustain this kind of machine that corporations have become. They find more and more ways to cheat people and cut corners but eventually they will be painted into a corner. All the pretending and fake money in the world is not going to change the fact that this cannot sustain itself.

US Foreclosure Homelessness Hunger Politics Business Civil & History - Page 3

Mortgage Delinquencies, Foreclosures Break Records
By ALAN ZIBEL

More than 10 percent of homeowners had missed at least one mortgage payment in the January-March period, the Mortgage Bankers Association said Wednesday. - A big jump in the number of borrowers who have missed three months of mortgage payments drove the increase. Ref. Source 9