Housing Bailout Programs Flop!
What programs there are–and there aren’t many–to bail out homeowners who are facing foreclosure are turning out to be total flops according to some new data reported by Reuters News Service.
Apparently, “the rate of re-default on modified mortgages is rising and may worsen as the economy deteriorates,” Reuters quotes banking regulators [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
