U.S. Loan Effort Is Seen as Adding to Housing Woes

Courtesy NYT > Business  Fri, 01/01/2010 - 20:02

Some economists contend that the Obama administration’s $75 billion program to prevent foreclosures has done more harm than good.


 

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Comment viewing options

Many people got in over

Many people got in over their heads with ARM's or other types of creative financing on houses that they now can't sell because the housing market has gone down. Subprime lenders make loans to people with poor credit, and rising defaults in those loans have been a factor in the stock market's volatility this past week.
http://blog.itechtalk.com/2009/where-to-buy-lean-muscle-x

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