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[COLOR="_______"]US foreclosures surge 17%[/COLOR]
Topic started on 30-9-2009 @ 10:19 AM by warrenb
The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday.
Completed foreclosures reached 106,007 during the second quarter, compared with 90,696 during the first three months of the year, according to the report by the Office of Thrift Supervision and the Office of the Comptroller of the Currency, which regulates banks. Their quarterly report examines 64 percent of outstanding mortgages in the country.
The increase was primarily the result of various government and industry foreclosure moratoriums, the report said.
www.washingtonpost.com...
More people loosing their homes and heading to the streets or relatives/friends/shelters.
This is getting really really bad.
Tons of news about people living in tent cities via Google News
news.google.com...
Not surprising this is not covered more by the MSM
As workers lose their jobs, homelessness and tent cities are sprouting up around the country. Fearing mass rebellion, many municipalities are moving to legalize tent cities around the country. Examples are Nashville, Tenn.; Ontario (near Los Angeles), Ventura and Sacramento in California; Lacy, Wash.; and Champaign, Ill. These are among the many localities either providing services to the homeless or allowing charitable institutions to do so.
New York City and Seattle, on the other hand, have moved sharply to repress the growing homeless movement.
In Nashville, on any given night there are 4,000 homeless people, according to city authorities, and 785 shelter beds. There are now at least 30 known tent encampments in Nashville.
Topic started on 30-9-2009 @ 10:19 AM by warrenb
The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday.
Completed foreclosures reached 106,007 during the second quarter, compared with 90,696 during the first three months of the year, according to the report by the Office of Thrift Supervision and the Office of the Comptroller of the Currency, which regulates banks. Their quarterly report examines 64 percent of outstanding mortgages in the country.
The increase was primarily the result of various government and industry foreclosure moratoriums, the report said.
www.washingtonpost.com...
More people loosing their homes and heading to the streets or relatives/friends/shelters.
This is getting really really bad.
Tons of news about people living in tent cities via Google News
news.google.com...
Not surprising this is not covered more by the MSM
As workers lose their jobs, homelessness and tent cities are sprouting up around the country. Fearing mass rebellion, many municipalities are moving to legalize tent cities around the country. Examples are Nashville, Tenn.; Ontario (near Los Angeles), Ventura and Sacramento in California; Lacy, Wash.; and Champaign, Ill. These are among the many localities either providing services to the homeless or allowing charitable institutions to do so.
New York City and Seattle, on the other hand, have moved sharply to repress the growing homeless movement.
In Nashville, on any given night there are 4,000 homeless people, according to city authorities, and 785 shelter beds. There are now at least 30 known tent encampments in Nashville.
