Bank repossessions drive up July foreclosures
More Americans fell into foreclosure in July as a sour job market kept them from making payments, and banks took over homes at a near record pace.
Read more on Reuters via Yahoo! News

NY Times: Borrowers refuse to pay home equity loans
Lenders say they are trying to recover some of that money but their success has been limited, in part because so many borrowers threaten bankruptcy and the collateral in the homes backing the loans has often disappeared.
Read more on Calculated Risk