Foreclosure Bailout is a Coverup
Suggests a San Mateo Attorney in the San Francisco Chronicle.
….But unfortunately, the “freeze” is just another fraud - and like the other bailout proposals, it has nothing to do with U.S. house prices, with “working families,” keeping people in their homes or any of that nonsense.
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Return of the SubPrime?
This is an interesting article that discusses the changes in the lending environment. There has been a lot of talk and anecdotal discussion, but what I found interesting was the citation showing an 82% drop in nonconforming loans.
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