Economy

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The 2012 Vassar College Commencement in Poughkeepsie, New York. Photo by Paul Zimmerman/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Friday's query comes from…

The 2012 Vassar College Commencement in Poughkeepsie, New York. Photo by Paul Zimmerman/Getty Images. Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Friday's query comes from a…

Last month, the foreclosure process was initiated on 98,174 homes -- a 6 percent increase from July 2011. At the same time, overall foreclosure activity in July was down 10 percent from the same month last year, according to reports.