The foreclosure situation is worsening every 13 seconds with another house slipping into the dreaded zone, according to the Center for Responsible Learning of CLR. It is a non-partisan group engaged in research. Each day about 6,600 residential houses are foreclosed that calculates to one per 13 seconds. All the housing pundits agree that the [...]

The continuing foreclosure crisis is wearing out the patience of the Americans. How long more will they have to wait to see a change come? One dose of bad news follows another – the slump in the stock market, increasing unemployment and billions of taxpayer’s money vanishing into bailout packages.
Many like Ron Zick of [...]

Barack Obama announced his plan to reduce foreclosures at Dobson High School in Mesa, Arizona Wednesday. The $75 billion plan could prevent up to 9 million Americans from losing their homes.

As far back as 1998 Brooksley E. Born, the head of Commodity Futures Trading Commission had made loud noises about the impending foreclosure-related crisis being experienced today. She had sent out alarm bells sensing trouble with the debut of new tools known as derivates. The latter began to be traded vigorously bypassing the regular channels. [...]

Federal Reserve Chairman Ben Bernanke predicted foreclosures this year will reach about 2.25 million and Barack Obama proposes to place 3 months moratoria on foreclosures for home owners. Get inside into the concerns of the new government about foreclosures market.

Ben Bernanke of the Federal Reserve took many steps to battle the foreclosure crisis. The question that arises is that were these steps too much or too little?
The sub-prime mortgage crisis that led to the foreclosure tsunami engulfed the lenders with fear. They stopped lending and thus endangered the economy. Starting from August 2007 [...]

The former chairperson of the Federal Reserve Alan Greenspan was not willing to accept the blame for the foreclosure crisis although he admitted to ‘flaw.’ Lawmakers have been putting pressure on him to make a statement. Greenspan said that the foreclosure crisis had exposed certain flaws in his years of thinking. This had resulted in [...]

The housing crisis has led to the humbling of the American economy. It is time to look at the foreclosure crisis from the Christian point of view. Invariably parallels are being drawn with the Great Depression but the foreclosure crisis of today holds little similarity with it.

Capitalism is not at stake and the foundations of [...]