The Obama foreclosure mitigation plan offers hope for the future but the present foreclosure situation illustrates the magnitude of the problem it faces. Foreclosure filings in February were 290,000, up 6 percent from a month earlier and up nearly 30 percent from a year earlier. With the economy contracting and shedding a large number of jobs on a monthly basis, it is likely that the grim foreclosure situation will continue throughout the remaining months of this year Read More »