Reactions to story from The Housing Bubble Blog
This Tsunami Of Economic Insanity
http://thehousingbubbleblog.com/ ?p=4509
Some housing bubble news from Wall Street and Washington. Bloomberg, "U.S. foreclosure filings climbed 65 percent and bank seizures more than doubled in April from a year earlier.More than 243,300 properties were in some stage of foreclosure, the highest monthly total since RealtyTrac began in January 2005. Nevada, California and Florida had the highest rates. Filings rose 4 percent from March." "âLoan modification isn't working,' said said Ira Rheingold, executive director of the National Association of Consumer Advocates in Washington.
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