Friday Night Economy

As if all the other news (Russert, tornadoes, floods) wasn’t bad enough, here’s a tasty tidbit from the economic front.

US Foreclosure Filings Surge 48 Percent In May

Soaring foreclosures are continuing to raise questions about the mortgage industry’s claims that they are making a dent in the housing crisis. Foreclosure filings last month were up nearly 50 percent compared with a year earlier. Nationwide, [...]