(Harrisburg) -- Economists from the Keystone Research Center in Harrisburg say current trends in housing prices suggest more declines to come. Drops in housing prices and jumps in unemployment rates for Pennsylvania increase the risk of mortgage delinquencies and home foreclosures.

It says the unit's resilience in tough times helped boost the company's second-quarter profit 22%. Oil prices are soaring. Home foreclosures are rampant. And many think a recession is at hand. So, where are people heading?

By JEANNINE AVERSA A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems. "High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the ...

A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems. "High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader economy," ...

A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems. "High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader ...

More than 2% of all mortgages in the U.S. were in the process at the end of the fourth quarter. Home equity levels decline. Home foreclosures hit new highs and the amount of equity in homes reached new lows as the housing crisis escalated across the country in 2007, new figures showed Thursday.

WASHINGTON - Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.

As the sub-prime adjustable rate mortgage crisis ripples through the country and causes even international investment and credit reverberations, with some exceptions, Siskiyou County is not feeling the devastation of home foreclosures that have struck many communities.

The success of the Bush administration's plan to stem home foreclosures will hinge in large part on whether the investors who own sub-prime mortgages will play along and accept lower interest payments to keep people in their houses.

The Bush administration's plan to deal with rising home foreclosures by freezing interest rates for struggling borrowers is closely modeled on a California program that has attracted doubters.