Foreclosures in Massachusetts have tripled in one year. Sensing a full-scale crisis, the governor set up a $250 million rescue fund to try to help families get out of crazy mortgages and into affordable, fixed mortgages. The Globe reports this morning that so far not one single family has qualified for the rescue. Other states with similar funds are also reporting dismal results.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250680