The number of homeowners facing foreclosure surged in March. Foreclosure filings, default notices and bank repossessions were reported on 341,180 properties last month, a surge of 46% under Obama's Watch.
When "Hope-n-Change" signed the $787 Billion Dollar Porklus bill, he promised to "stem the spread of foreclosures and falling home values for all Americans."
Much of March's activity was in new foreclosure actions.