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US Foreclosure: Homelessness, Hunger - Page 5

Foreclosure activity up across most US metro areas:

Households across a majority of large U.S. Cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows. Ref. Source 4

Hunger Homelessness Foreclosure US

The Forgotten Foreclosure Crisis
By Faiz Shakir

As of July 2010, one in seven mortgages is delinquent or in foreclosure. According to the Mortgage Bankers Association, one in 10 homeowners missed at least one mortgage payment between January and March, which is an all-time record and a 9.1 percent increase from last year. Ref. Source 8

US Foreclosure: Homelessness, Hunger History & Civil Business Politics

Homeowners' Rebellion: Could 62 Million Homes Be Foreclosure-Proof?
By Ellen Brown

The financial juggling that helped cause the 2008 crisis may be coming back to haunt banks-and help homeowners. Ref. Source 2

Page 5 Hunger Homelessness Foreclosure US

Bank Repossessions Hit Record High in August: RealtyTrac:

The number of homes taken back by lenders hit a new record high last month, according to RealtyTrac. Lenders foreclosed on 95,364 U.S. Properties in August, about 2 percent higher than the previous peak of 93,777 recorded by the company in May 2010. Ref. Source 3

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US homes lost to foreclosure up 25 pct on year:

Lenders took back more homes in August than in any month since the start of the U.S. Mortgage crisis. Ref. Source 7

Hunger Homelessness Foreclosure US

Wall Street Banks Committing Widespread Mortgage Foreclosure Fraud:

A Florida state-court judge, in a rare ruling, said a major national bank perpetrated a "fraud" in a foreclosure lawsuit, raising questions about how banks are attempting to claim homes from borrowers in default. Ref. Source 2

US Foreclosure: Homelessness, Hunger

The housing recession isn't over:

The spate of foreclosures is particularly problematic since it continues to add to the housing glut. And until the number of homes on the market comes down, it's tough to imagine how sales and prices will improve all that dramatically. Ref. Source 6

US Foreclosure Homelessness Hunger - Page 5

Lenders Forced to Suspend Thousands of Foreclosures after Admitting to Faulty Review Process

The banking industry's handling of home foreclosures is coming under increasing scrutiny after revelations that employees at several lenders had approved thousands of foreclosure affidavits and other documents without proper vetting. The banking giant JPMorgan Chase has suspended some 56,000 foreclosures after admitting some may have been authorized without proper review. Last week, another major lender, Ally Financial, suspended evictions in twenty-three states. We speak to Andy Kroll of Mother Jones magazine and New York Supreme Court Justice Arthur Schack, who has made national headlines for rejecting dozens of foreclosure filings due to faulty paperwork from banks and lenders. Ref. Source 3

US Foreclosure Homelessness Hunger Politics Business Civil & History - Page 5

Cali. Couple charged with trashing foreclosed home:

It is another shattered American dream. This house owned by Monique and Robert Acosta taken over by the bank. Neighbor Keith Peet says, "They loved it so much. They put their heart and soul and just everything into it. I mean, it was the best house on the street." Ref. Source 1