Government Efforts with Mortgage Crisis

Some state officials, frustrated by what they view as the federal government's inadequate response to the mortgage crisis, are taking increasingly aggressive steps to address the rising rate of foreclosures.
Company and government efforts to address the mortgage crisis have done little to stanch foreclosures, state officials said.
The Silver Lining: The number of delinquent borrowers working with lenders has increased, they said.
States such as Maryland, Massachusetts, Minnesota and Virginia are looking at extending the foreclosure process or have already taken such steps in an effort to give borrowers more time to work out repayment plans with their lenders. Rising foreclosures hurt not just troubled borrowers, state officials say, but also their neighbors and communities.