Foreclosure rates surge, biggest jump in 5 years

Forelosure rates and other trouble trends become rearview mirror indicators as long as stock are soaring. If you forget, F-TV will remind you that soaring stock market equals economic recovery.

A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.

Source: finance.yahoo.com