Site Meter Refinancing, Loans and Getting New Credit: Obama faces massive scope of foreclosure crisis

Tuesday, February 17, 2009

Obama faces massive scope of foreclosure crisis

In one neighborhood here, every block has at least two for-sale signs out front. Many homes have broken porch lights and crispy brown lawns. One house has graffiti on the door.

With one of the highest foreclosure rates in the country, Arizona makes a fitting backdrop for President Barack Obama's new housing program, to be unveiled Wednesday. And local residents have more hope than confidence that the $50 billion plan will be enough to end the nation's housing recession.
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Read more Obama faces massive foreclosure crisis

Source: breitbart

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