THE FORECLOSURE AND THE USA FAMILIES TUMBLE OFF HOME OWNERSHIP.

Despite improved credit growth of banks and other financial institutions in the USA, due to tightened financial bank regulations and regulations on loan allocation attributed to the recent tumble of many American families off home ownership, due to foreclosure that resulted in the request for the general investigation on foreclosure with the government involvement in the solution against the crisis that has been termed as the USA mortgage crisis that may further result in the reluxation of the tightened bank regulations on loan allocation for qualified mortgage applicants in all the States that have been hit hurt by recession . However, other sources have indicated that the USA government reluctancy for prompt solution by financial rescue package for the families affected by the foreclosure could mean the USA government refusal to contribute for another world financial crisis.

Written by Godfrey Ohia.