A new report release by First American CoreLogic, stated that as of the end of December 8.3 million U.S. mortgages, which equals 20 percent of all properties with a mortgage, were in a negative equity position.
Unbelievably enough, in the Sacramento area nearly 40% of homeowners that have a mortgage are actually upside down. There are [...]

The entire banking industry was startled by the fact that the number of foreclosures actually grew by 30% in February from the same quarter the previous year.
To some it was disheartening due to the amount of government measures that have been taken in recent months. Some banks had even declared a moratorium on foreclosures, without [...]