Bank reo - Foreclosures in US rose 55 percent in July as housing market continued - Newsday

WASHINGTON (AP) _ The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday www.bankreopropertydeals.com

It's no secret what the Federal Reserve — as well as Congress and the Bush administration — want. They want banks to open their wallets. They want lenders to keep the credit flowing. They want firms of all stripes to take the Fed's cheap money www.bankreopropertydeals.com

I had two fears going into this week. Our worst fear has been realized, the Treasury Budget for July was a mind-blowing $102.8Bn deficit ( see my extensive commentary last night ) and today we get Retail Sales. Now, we know July retail sales are www.bankreopropertydeals.com

Boston's innovative effort to combat housing foreclosure's effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester. The Boston Redevelopment www.bankreopropertydeals.com