Real Estate InfoHub Online

Reports are brewing on Capitol Hill that this economy may be heading into a deeper recession although millions feel the worst is over.

The Treasury Department just released disturbing reports that about 90,000 “distressed borrowers” will be losing their federal mortgage aid under the government’s foreclosure prevention plans possible making this another administration failure.

In the last 24 months the American homeowner has had to face banking and real estate crises including unemployment rates that have been hovering in the double digits.

Our economy, particularly the housing industry, has been deeply badgered by large amounts of job losses, foreclosures and home values being decimated as if by overnight.