Foreclosures continue to outpace efforts to modify mortgages, prompting calls for the federal government to provide more robust relief to struggling homeowners.
In October, foreclosure filings were reported on nearly 280,000 properties in the U.S., a 5 percent increase over September and a 25 percent increase over October 2007, according to RealtyTrac. Mortgage modification efforts by individual lenders and industry coalitions can