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(Image from article: "U.S. home foreclosures set another record in July")

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U.S. home foreclosures set another record in July

U.S. home foreclosures set another record in July

U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

 

Chasing Fees, Lenders Are Slow to Alter Troubled Loans

Chasing Fees, Lenders Are Slow to Alter Troubled Loans

Many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans.

 

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