http://www.mortgagenewsdaily.com/07162009_foreclosures.aspAs the unemployment rate approaches double-digits, almost two million homes received foreclosure filings in the first half of 2009, 15% more than in the same period for 2008, and 9% more than in the previous six month period, according to a new industryenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/07162009_foreclosures.asp#92868Thu, 16 Jul 2009 21:07:42 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:92868geof gilesWhy does this surprise anyone? The system of securitization that replaced all the failed S&amp;Ls of the 1980s relies on the law of large numbers and can not tolerate default rates in excess of 2-3 percent. When it gets to 10+% points everyone screams that the &#39;sky is falling&#39;. Well lets face it; its like Katrina. The sorry part is that the government fell for the ploy and spent our tax dollars on the scum that set us up for this. All the &#39;Bernie Madoffs&#39; are still running around Wall Street and they can&#39;t even put a goon like Paulsen in prison where he belongs. As for me, I see gold at $2000 in a couple of years. Geof Giles<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=92868" width="1" height="1">http://www.mortgagenewsdaily.com/07162009_foreclosures.asp#92845Thu, 16 Jul 2009 19:48:27 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:92845Rob EllisThe onslaught of foreclosures isn&#39;t going to subside until something is done to address those who don&#39;t qualify for mod&#39;s or short sales, i.e. equal rights for good paying customers. In Arizona (like so many other places), where many owe well over $100k more than their house is worth, people are simply making the financial decision to walk away (despite their moral compass)... Oh wait, I forgot we can now go up to 125% through the HARP program, that should solve a lot of problems:)<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=92845" width="1" height="1">http://www.mortgagenewsdaily.com/07162009_foreclosures.asp#92735Thu, 16 Jul 2009 15:50:18 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:92735Clifford HufnagleOdd.... I thought all other indicators showed we were coming out of this little/minor recession. /sarcasm<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=92735" width="1" height="1">