The Obama administration’s $50 billion program tocurb foreclosuresisn’t working, and the White House knows it. ,,,the number of homeowners in foreclosure in the first six months of 2009 was up 15 percent from the same time period a year ago. The Center for Responsible Lending, a nonpartisan research and policy organization, projects at least 2.4 million additional foreclosure starts this year, causing nearly 70 million surrounding households to lose a combined $500 billion in property value.
