Foreclosures Rise 7 Percent in July From June

Let's see with high unemployment and many adjustable rate mortgages changing upward this trend is likely to continue. Tax revenues are way off and govt. spending is rising. Just winging it here but doesn't make me feel like the recession is over or that any of the stimulus is getting to places where it will do any real good. - MBC

http://www.nytimes.com/aponline/2009/08/13/business/AP-US-Foreclosure-Rates.html

"...The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage..."

"...The Treasury Department said last week that banks have extended only 400,000 offers to 2.7 million eligible borrowers who are more than two months behind on their payments..."