Economy: Economic News, Policy & Analysis - The Washington Post: Could rising foreclosures hurt Obama in 2012?

Economy: Economic News, Policy & Analysis - The Washington Post Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.

Could rising foreclosures hurt Obama in 2012? Mar 26th 2012, 20:54 After declining in 2011, foreclosures in many states are likely to spike this year, just as President Obama is facing reelection. Since the beginning of 2012, foreclosures have already risen in 21 states. That's largely because of February's mortgage fraud settlement that clarified which foreclosure procedures by banks are unacceptable, allowing backlogged foreclosures to move forward. Housing experts say that dealing with the foreclosures that have been held up is inevitable and must happen before the housing market can fully recover. But voters might not see it that way, particularly as they're inclined to think that foreclosures are the single most important indicator of the health of the U.S. housing market. Read full article >>

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