Tuesday, July 29, 2008

Foreclosures Up Again!

Foreclosures are up again last month. Nevada is leading state with one out of every 43 homes. Who were the subprime lenders doing the most business in Nevada in 2007 that contributed to this mess? As the new housing legislation makes its way to the President's desk for signature, will these numbers finally level off in the latter part of this year? The Congressional Budget Office estimates that about 400,000 borrowers will benefit from the program. What do you think?

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