Foreclosure breeds foreclosure. This is sometimes called the contagion effect. As home values fall and homes fall into disrepair, today's foreclosures inextricably set up those which will occur tomorrow.
On Jan. 15, 2010, the Treasury Department released data showing how the largest mortgage servicers participating in the administration's $75 billion foreclosure prevention program have been performing.
Reporters, journalists, and correspondents ideally report all sides of a story...When a reporter panders to the industry they are covering they do a disservice to the public that turns to them for the truth.