From the Las Vegas Sun: …The program Friday released the first-year results showing that 29 percent of lenders did not appear for mediation sessions, had no authority to make a deal or did not bring all the documentation required. Nevada has one of the highest foreclosure rates in the nation, and 11,716 people applied for [...]
More news from the “recovery“: The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments. Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy. More than 10 percent of homeowners with a [...]