Foreclosures hit a new record
October 15, 2009 12:11 PM Subscribe
Foreclosures hit a record in third quarter 2009.
posted by VikingSword (57 comments total)
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President Obama took measures
to contain the crisis. It is now many months later, and one can start asking how successful these measures have been.
Meanwhile there are plans
to overhaul Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market.
Are we sinking deeper into the mortgage crisis, or is this the valley, and from here on a slow climb back up?