Foreclosures Up Sharply Despite Loan Mod Program
Just in time for spring, next wave of foreclosure crisis gets rolling
The number of U.S. households caught in the foreclosure process during the first quarter jumped 7% from the prior quarter as activity increased sharply in March, a real estate firm will report Thursday.
Filings involving the later stages of foreclosure rose compared with the same period last year, according to RealtyTrac of Irvine, indicating that banks were beginning to repossess properties at a faster clip despite the Obama administration's push to help borrowers.
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earlier:
Jordan's King Says Israel-Hezbollah-Lebanon War "Imminent"
Congressman Adam Schiff hosted a "Members Only" meeting of the 'Congressional Friends of Jordan Caucus' in the US House of Representatives this morning in the CVC Congressional Meeting Room with Jordan's King Abdullah II.
According to one attendee in the session, "the King's message was sobering."
King Abdullah seemed significantly concerned that conflict was about to break out again between Israel and Hezbollah in Lebanon.
One congressional source told me that the word the King used was 'imminent' with regard to the potential outbreak of war.
On many levels, this is extremely worrisome. Hezbollah is now integrated into Lebanon's parliament and interacting with countries like France at all levels of government. An Israeli-Lebanon War could preempt the normalization track the United States is pursuing with Syria.
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