The good news is the Obama Administration appears to be finally conceding that its efforts to staunch the foreclosure crisis are not working as planned.
It doesn’t take a rocket scientist – or a Nobel winner, for that matter - to figure that one out, with foreclosures set to rise right into 2010.
Despite tens of billions commited to stem foreclosures by an array of federal and state programs over the past few years, banks are seizing homes and condos at record rates.
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