So it looks like the Foreclosures Grind On - The Obama administration will certainly need to take a lot more action in order to help Americans keep their their homes. [Find more mortgage foreclosure news from the New York Times]

Subprime Loans’ Wide Reach - A new study suggests that more upper-income borrowers and more whites took out subprime loans than any other groups. [Foreclosure News from the New York Times]

Work Out Problems With Lenders? Try to Find Them - Today’s lenders often sell the loans they make to investors, making it nearly impossible for homeowners to discover whom they should contact about a delinquency. [Foreclosure News from the New York Times]

State of Florida Sues Countrywide - Florida sued Countrywide Financial and its chief executive, Angelo R. Mozilo, on Monday, accusing it of engaging in unfair and deceptive trade practices in mortgage lending. [Foreclosure News from the New York Times]

Illinois to Sue Countrywide - The state says the lender defrauded borrowers by selling mortgages that soon went into foreclosure. [Foreclosure News from the New York Times]

California Sues Countrywide Over Lending - California joined Illinois on Wednesday in suing Countrywide Financial, claiming the company had practiced deceptive mortgage lending. [Foreclosure News from the New York Times]

The Shrinking Job Market - Employment will not revive as long as consumers are pessimistic, and this mood will persist as long as foreclosures keep rising. [Foreclosure News from the New York Times]

As Foreclosures Escalate - The Senate’s delay in passing the foreclosure prevention bill achieves political ends but it’s exceedingly poor policy. [Foreclosure News from the New York Times]