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2010-09-08
President Obama Lets Republican Party, Boehner Have It In Ohio Speech

Digging For Riches - High Gold Prices Spark New Peruvian Gold Rush

Islamaphobe's Past In Germany - Terry Jones Accused Of 'Spiritual Abuse' At Cologne Church

Despite Warnings, Florida Pastor Vows To Burn Quran

Green Visions - Merkel's Master Plant For A German Energy Revolution

Commentary: Merkel's Energy Plan Is 'A Gift To The Nuclear Industry'

Wind-Whipped Fires Add To Detroit's Economic Woes

Not Enough Immigration? Leading German Economist Demands More Workers From Abroad

Managing Borrowed Time - The Man Who Saved The Euro

Weary Of Drug War, Mexico Debates Legalization

Goldman Sachs Fined $31 Million By U.K.'s Financial Services Authority

6.3-Magnitude Earthquake Strikes Fiji Islands

2010-09-07
Controversial Pension Reform - French Unions Stage Mass Protests Against Sarkozy

After The Flood - 'We Are Grateful For Any Help'

U.S. Offfensive Expected In Home District Of Afghan Taliban Leader

A New Far-Right Generation - Neo-Nazis Seek Foothold In Kindergartens

Security Thinktank: Al-Qaeda And Taliban Threat Is Exaggerated

Federal Scientists: Gulf Oil Blowout Won't Lead To Dead Zones

Liquidation Of A Chechen In Exile - Was An Austrian Informant Involved In A Contract Killing?

U.K.'s Cambridge Ousts Harvard As World's Best University

'Rebuilding Hitler's War Machine' - U.S. Investors Sue Germany Over Weimar-Era Bonds

Daley Won't Run In Chicago, Opening Way For Rahm Emanuel

Looted Treasures Back In Iraq, But Don't Plan On Seeing Them Soon

1,000 Homes Evacuated In Colorado Fire

Top U.S. Commander: Burning Quran Endangers Troops

Terror Alert - Hamburg Islamist Speaks Of Threat Of Attacks In Germany

Interview With Germany's Finance Minister - 'For The Next Few Years, We Don't Have Leeway'

IAEA: Iran Hampering Nuclear Inspections - Again

14 Year Longer Online - Merkel's Government Extends Nuclear Plant Lifespans

The Man Who Divided Germany - Why Sarrazin's Integration Demagoguery Has Many Followers


Record Number Of Californians Miss Mortgage Payments
2009-04-22 18:44:48 (72 weeks ago)
Posted By: Intellpuke
(Read 372 times || 0 comments)
A record number of California homeowners failed to make their loan payments in the first three months of 2009, even as the number of homes lost to foreclosure continued to drop, according to figures released Wednesday. According to MDA DataQuick, the number of notices of default, the first step in the foreclosure process, rose to more than 135,400 for the period from Jan. 1 to March 31. The numbers had been dropping since the second quarter of 2008, when they hit 122,673, but they shot up about 80% from the end of 2008. The trend holds true for every county in Southern California. At the same time, foreclosures are slipping. There were 43,620 foreclosures recorded in the first three months of 2009, compared to 47,221 for the same period a year ago, a 7.6% fall. Foreclosures peaked in the third quarter of 2008, when they reached 79,511. Much of that drop has been credited to a change in California law that made it more cumbersome for lenders to foreclose on homeowners. On top of that, some lenders, including the country's two biggest buyers of home loans - Fannie Mae and Freddie Mac - declared moratoriums on foreclosures.
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