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Loan Modification

: Loan Modification & Home Loan News

Obama administration: foreclosures may delay the recovery of the housing market

By Evan Bedard

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In Congressional hearings last week, Obama administration officials acknowledged that uncertainty over foreclosures could delay the recovery of the housing market. The implications for the economy are serious. For instance, the International Monetary Fund found that the persistently high unemployment in the United States was largely the result of foreclosures and underwater mortgages, rather than [...]

Full post as published by Loan Modification & Home Loan News on November 01, 2010 (boomark / email).

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