News Sources wrote an interesting post today on
Here’s a quick excerpt
Excellent piece in today’s Wall Street Journal on what’s really behind the explosion in foreclosures. It’s not subprime mortgages or liar loans or even rate resets, according to the author, who lays out some compelling research conclusions; instead, it’s “whether or not the homeowner has or ever had an important financial stake in the house.” That being the case, he goes on to assert that the Obama Administration’s efforts to stanch the bleeding is focused on the wrong things. Lowering obl

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This entry was posted on Friday, July 3rd, 2009 at 5:18 pm and is filed under Mortgage Loan News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.