It is all a product of greed…the current economic crisis, I mean. But whose greed? The lenders? The creators of mortgage backed securities? The home purchasers who were unable to meet their obligations when their adjustable mortgage payment schedules reset?
Yes. All of them, and a few more.
Families who borrowed money to buy homes that they [...]

Facing a rising tide of home foreclosures, the Obama Administration is pushing mortgage servicing companies to more than double the industry’s mortgage modifications by Nov. 1.
After a day long meeting with 25 servicers at the Treasury Department, the Administration for the first time announced a specific goal for modifications [...]

The 1.6% increase was the largest one-month gain since July 2005
Residential real estate prices gained 1.6% in May, representing the largest one-month increase since July 2005, according to an analysis by Integrated Asset Services in Denver.
For the rest of the story…
Real estate prices posted gain in May – Investment News
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