Report finds Minnesota struggling to gain ground against foreclosures - Bring Me The News

Report finds Minnesota struggling to gain ground against foreclosures

A report from the McKnight Foundation finds the number of foreclosures prevented by housing agencies and advocacy groups is going up. But not quite as fast as the number of foreclosures.
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A report from the McKnight Foundation finds the number of foreclosures prevented by housing agencies and advocacy groups is going up. But not quite as fast as the number of foreclosures.

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Metro foreclosures expected to jump

Despite a drop in foreclosures in the Twin Cities last year, 2012 will not likely be the year that the housing crisis winds down. The Star Tribune reports that a moratorium on processing new foreclosures has ended, which will likely increase the number of local foreclosures processed in the coming year.

Minnesota stocks gaining ground

Even before the Fed made its big announcement last week that it would try to juice the economy by buying large quantities of mortgage bonds, most of Minnesota's biggest companies were gaining ground, the Star Tribune reports. Total return for the Bloomberg-Star Tribune 100 index of Minnesota stocks was up 13.8 percent through Friday, with 65 gainers and 33 losers, the newspaper reported.

Anti-foreclosure group reports progress

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