Lenders offer a relief in foreclosures, will it help?

Posted on By Ricky at 19 February, 2008, 8:21 am

The Bush administration has offered a hold on foreclosures to stem the widening housing crisis, with the help of several major lenders, including Wells Fargo. But the latest figures from 2007 show foreclosures in major urban areas increased nearly 80 percent last year, and local foreclosures continue to rise.