A foreclosure cataclysm

Home foreclosures in Los Angeles County soared more than 60 percent in February after moderating for several months, a sign that mounting job losses are exacerbating the market's woes, an industry tracker said today.Gregory J. Wilcox in the Daily News.

Foreclosures and notices of default both made huge jumps from the prior month and the previous year, suggesting that unemployment has joined bad loans in beating down the housing market, Foreclosures.com analysts wrote in a new report.