HUD Secretary to tour Merced foreclosure areas San Jose Mercury News Housing and Urban Development Secretary Shaun Donovan is planing to tour Merced neighborhoods with high foreclosure rates Thursday amid appeals for economic … HUD Secretary In Merced To See First-Hand Foreclosure DevastationKMPH Fox 26 US housing chief visits troubled MercedModesto Bee HUD secretary to tour Merced neighborhoods to get firsthand look …Merced Sun-Star Trading Markets (press release) -Fresno Bee -Merced Sun-Star all 33 news articles »

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Home Repair Services says more clients are successful in averting foreclosure.

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Mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs as moratoriums on foreclosures expire. Just as the nation’s housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, …

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Winona County mortgage foreclosures declined in the first half of 2009, even as national foreclosure rates hit record highs this year.

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With its economy on the rocks, unemployment figures spiking, and budget gridlock back in Sacramento, California feels in some ways like a dreamboat that has now run aground. It has always been as much an icon of fresh-starts as simply a location defined by latitude and longitude. And its defenders remain convinced the state will weather whatever storm is thrown at it. But for many residents, now …

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CARSON CITY, Nev. - The state Supreme Court voted unanimously Tuesday to adopt rules governing confidential meetings between homeowners and lenders that could head off foreclosures. Under the program approved by the 2009 Legislature, a homeowner who …

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But rising foreclosures fueled by layoffs could derail a meaningful turnaround. The number of homeowners at least two months behind or in foreclosure jumped in the first quarter from the previous quarter, a Treasury Department report said Tuesday. …

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Zandi says that rising foreclosures, coupled with rising unemployment, are the “most significant threat” to the recession ending this year. “Unless foreclosures peak and house prices stop falling, nothing good happens,” says Zandi. Real estate values …

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This hotel foreclosure sale most likely won’t be Hawaii’s last during the economic downturn, Gilligan said. “This probably will be the first of several foreclosures that take place across the state over the next few years,” he said. ___ Information from …

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… perjury investigation followed a text-messaging sex scandal involving ex-Mayor Kwame Kilpatrick and his former chief of staff, a draining collection of City Hall wrongdoing in a city struggling with high unemployment, rampant home foreclosures and an …

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And of course, given increasing job losses and mounting foreclosures, it’s not too hard to imagine that a bottom in the housing market may not come as soon as optimists would hope. When the dot-com bubble popped with few Internet start-up survivors, a …

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Skyrocketing foreclosures, rising interest rates and a worse-than-expected credit and financial conditions could send the economy into another tailspin. Economists don’t think that is the most likely scenario, but it can’t be ruled out. In the GDP …

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Unemployment, currently at 9.4 percent, isn’t expected to peak until mid-2010 and foreclosures should crest about six months after. “We’re in the bottom of the seventh-inning” of the housing crisis, said Mark Zandi, chief economist at Moody’s Economy …

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While they’re likely to keep falling a while longer under the weight of foreclosures, the market is definitely closer to the bottom than the top. “We expect prices to drop for another year and then stabilize before starting to rise with incomes …

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53% of all home foreclosures nationally are due to inability to pay medical bills. How is it that the American voter has become so stupid as to vote against his/her own interests by opposing a national health plan? Cries of “socialism!” by opponents …

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