US foreclosure filings surge 65 percent in April
In April 2008 more U.S. homeowners fell behind on mortgage payments, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values.
One in every 519 U.S. households received a foreclosure filing in April. Foreclosure filings increased from a year earlier in all but eight states

Nevada, Arizona, California and Florida were among the hardest hit states Nationwide, 243,353 homes received at least one foreclosure-related filing in April, up 65 percent from 147,708 in the same month last year and up 4 percent since March, RealtyTrac Inc. said

The U.S. House passed a bill last week that would offer government insurance on $300 billion in new mortgages to refinance loans for an estimated half-million borrowers facing foreclosure, particularly those who now owe more than their houses are worth because of declining values.