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Loan Modification

: Loan Modification & Home Loan News

Were bad math skills behind the housing bubble?

By Moe Bedard

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The foreclosures that led to financial crisis began with homeowners falling behind on their mortgage payments. Yet, have all the factors behind the foreclosures been uncovered? To date, much of the blame has been assigned to predatory lenders. However, a new and strikingly simple finding explains another significant factor. The Atlanta Federal Reserve has recently released [...]

Full post as published by Loan Modification & Home Loan News on May 17, 2010 (boomark / email).

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