CPI rose 0.8 percent in July, following a 1.1 percent jump in June. Core CPI (ex-food and energy) was up 0.3 percent. The headline year-over-year CPI was 5.6 percent, a particularly difficult number for the market and economists to swallow.

Fannie Mae plans to announce a new series of initiatives called “Keys To Recovery” on a conference call with investors and analyst. The new effort consists of providing solutions to help homeowners avoid foreclosure, and helping 1st time homebuyers with purchasing a home.

Foreclosure Trackers, Inc., a one-stop foreclosure resource for investors of all levels, will present a workshop titled, “Defaulted Mortgages: Turning Foreclosures into Investment Income” on Wednesday, April 23 at 7 p.m.

RealtyTrac ( realtytrac.com ), the leading online marketplace for foreclosure properties, today released its March 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 234,685 properties nationwide during the month, a 5 percent increase from the previous month and a 57 percent increase from March 2007. The report also shows one in every 538 U.S. households received a foreclosure filing during the month.

The housing bill, passed by the U.S. Senate, designed allegedly to ease the crunch on foreclosures and encourage growth in the housing sector is nothing more than a Democrat driven hand out to those with money, with banks possibly making even more money off of those that cannot afford to keep their homes. In a worst case scenario, it wil create an over abundance of homes on the market and drive prices further down.

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The Urban League of Central Carolinas is excited to announce a unique partnership with Lowe’s to provide a series of Home Owner seminars covering topics ranging from Predatory Lending & Foreclosure Prevention to Home Maintenance & Preventative Care. The Lowe’s Homeowner Readiness Curriculum, which will be incorporated into the Urban League’s existing Professional Adult Empowerment (PEP) program, started March 14 and is open to the public.

Falling Home Prices Create Less Incentive to Make Payments.

An estimated 240,000 families can avoid foreclosure by refinancing their mortgages using the new FHASecure plan. FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing.

One of 2007’s top stories was the huge increase in foreclosures across the United States. The final numbers have been released by RealtyTrac and they are tough but expected. The worst states hit were markets where speculators walked away from properties or the effects of a miserable Midwestern economy.

The number of foreclosure filings in Illinois nearly doubled last year from two years ago, reports RealtyTrack Inc.

RealtyTrac is a California firm that tracks monthly foreclosure filings. Filings popped up to 215,749 in December from 201,950 in November.