Economist Warns of Second Round of Foreclosure Crisis, Especially in Florida

 “Despite what you may have heard, the foreclosure crisis is far from over, especially in Florida, which leads the nation, more than 300,000 cases still pending, another half-a-million homeowners delinquent, hundreds of thousands of modified loans about to balloon in payments,” according to economics correspondent Paul Solman in this PBS NewsHour video, which highlights several examples of the "600,000 Florida families who have lost their homes since 2007, 5.5 million homes lost nationwide."