US foreclosure filings surge 53 percent in June

Highlights from article:

1) 252,363 homes received at least one foreclosure-related notice in June, up 53 percent from the same month last year, but down 3 percent from May
2) One in every 501 U.S. households received a foreclosure filing last month
3) In Nevada, one in every 122 households received a foreclosure-related notice last month, more than four times the national rate
4) Economists project 2.5 million homes nationwide will enter the foreclosure process this year, up from about 1.5 million in 2007
5) Bush administration announced Tuesday that it would be ready on Monday to implement an FHA expansion that lets borrowers who've fallen behind on their home payments -- because of mortgage rate resets or other economic hardships -- get more affordable loans