Foreclosure Reality

The Federal Government, through the Hope Now initiative, has been painting a surprisingly rosy picture of the number of homeowners they've helped.

The real numbers show a lot less reason for optimism.

Unless someone figures out a way to keep people in their homes and stop the downward spiral of prices, we've got a ways to go in this downturn.

The preliminary numbers I've looked at for April confirm that things are not looking up. More on that next week.