Foreclosure Filings Hit Record 1.5 Million;

One in Eight Americans Delinquent;

Obama's Mortgage Rescues Create ‘Confusion’

The grim but not unexpected housing data shows U.S. Foreclosure Filings Hit Record 1.5 Million in First Half.U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc.
More than 1.5 million properties received a default or auction notice or were seized by banks in the six months through June, the Irvine, California-based seller of default data said today in a statement. That’s a 15 percent increase from the year earlier. One in 84 U.S. households received a filing. ( learn more at )