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February 13, 2008 (LPAC)--When Treasury Secretary Hank Paulson announced a 30-day "pause" or "suspension" of home foreclosures by six big mortgage lenders Feb. 12, Lyndon LaRouche said that Paulson and company are under greater and greater pressure from the nationwide mobilization for the Homeowners and Bank Protection Act (HBPA), which will freeze mortgages and stop chartered bank insolvencies.

Below are the statistics that reflect not a housing crisis , but a world financial meltdown, giving more reason to mobilize everyone to support the only solution, LaRouche's HBPA:

The number of California homes auctioned off as foreclosures jumped 55% in January compared to December, and were up 454% from January 2007, hitting a total of 19,821 homes auctioned off in that state in that one month, says ForeclosureRadar. A whopping 98% of auction sales went back to the lender after receiving no bids, despite significant discounts offered.

Eighty-six Of the nation's 100 largest metropolitan areas, reported increases in 2007 in the number of properties entering some stage of foreclosure compared to 2006, said RealtyTrac, an online market of foreclosure properties. The total number of foreclosure filings in the top 100 metro areas soared 78% to 1.775 million, according to its Year-End 2007 Metropolitan Foreclosure Market Report. Most metro areas with with the highest foreclosure rates fell into two categories: cities with unsustainable housing price appreciation, or cities hit by a more widespread economic downturn.

Fifteen of the 20 metro areas with the top foreclosure rates were located in four states: California with six, Ohio with four, Florida with three and Michigan with two. The top ten: