Economist Mark Zandi of Moody’s Economy.com says it bluntly — foreclosures are the single biggest threat to our economy. I’m not an economist or a mortgage banker, but I try to keep track of this metric. You don’t need a Ph.D. in economics to anticipate that a lot of the foreclosures are connected to the now infamous subprime mortgages.

New numbers show the region’s housing market may have brushed bottom, and begun a modest rebound.  But even still, many homeowers are struggling with threatened foreclosure.