Wednesday, May 14, 2008

The Crisis Is Only Getting Deeper

Foreclosure activity in April--that’s default notices, auction sale notices and bank repossessions was reported on 243,353 properties. That’s a 65% increase from April of 2007.

Home Foreclosures: The Crisis Is Only Getting Deeper - Realty Check with Diana Olick - CNBC.com

Wednesday, May 07, 2008

House set to pass sweeping housing rescue bill

The U.S. House of Representatives opened debate on Wednesday on a bill that would create a $300 billion fund to save homeowners from foreclosure, but President George W. Bush threatened to veto the legislation which he said would "reward speculators and lenders."


House set to pass sweeping housing rescue bill