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Obama moves to help homeowners 
US housing agency to sue banks The number of people having to give up their homes in the US because they could not pay their mortgage fell slightly in August, but remained near record levels.
Mortgage foreclosure filings were just one percent down from July’s record high and up 18 percent on August last year. That is despite broad efforts to keep borrowers in their homes. The property data firm RealtyTrac, which compiled the figures, said the foreclosure total will probably rise for another year.More about: Housing market, USACopyright © 2012 euronews
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latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
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