The Chronicle of Philanthropy

Struggling With the Mortgage Crisis

Foundations and charities face new challenges as more and more homeowners get in financial trouble

By Brennen Jensen

As the country's once-booming housing market enters its third year of decline, the home-foreclosure rate is soaring. Last year more than 400,000 families facing financial distress or holding problematic loans lost their home to foreclosure, a 50-percent increase...

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