Obama Finds No Easy Way To Buoy U.S. Homeowners Deep Underwater

Clea Benson, Bloomberg Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, stood in the beating sun amid the scrapyards and vacant lots of Cleveland’s East Side and noted that rising home prices have begun to reduce the number of families whose mortgages exceed the value of their homes. The ranks of underwater borrowers nationwide […]