they are the la tinos and liberal. majority of independents and republicans and every other major subgroup in electorate supports the arizona immigration law. shannon: great to see you both. thank you so much. thank you. shannon: well, the rate of foreclosures dropped 9% in april, but a federal report warns many borrowers modifying the terms of their mortgages end up defaulting again anyway. laura ingle is live with more on the road to recovery. reporter: the figures come from realty track, that collects foreclosure data nationwide and acts as an online marketplace for prop in foreclosure. the new report shows a 9% drop in foreclosures in april compared to previous month. while it s good to see the numbers go down but this one-month figure doesn t speak of the rough day still to come. evidence shows that the banks are working through a large backlog of foreclosures.
homeowners defaulted again after nine months. it s understandable in this economy, could that lead to another housing crisis? laura ingle is live. it doesn t seem like it seems like it s a no brainer. the economy is still rough. they still want make the lower payments. it is so tough for so many people. experts say that any drop in foreclosures is positive, but that the recent dip should not be seen as a trend. these new figures we re talking about come from realty track, which is a company that collects foreclosure data nationwide. reps say this one month figure really doesn t speak to the rough days expected to come. and remember, in april foreclosures were down 9%. many desperate homeowners are struggling to hold on to their properties through these loan modifications, which experts say adds up to a short-term solution for a problem that s overreaching. what a loan modification is doing, when somebody can t keep up with it, is prolonging the