An “AVALANCHE” OF NEW FORECLOSURES EXPECTED, NO RELIEF IN SIGHT
An Avalanche of Foreclosures Expected—Government Won’t help — Mandelman reports on Ml-implode.com: ‘The government’s current loan modification assistance program, which was funded to the tune of $320 billion last July 30th, has successfully modified ONE mortgage as of April 8, 2009, according to HUD. …