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Loan Modification

: Mortgage Lender Implode-o-Meter

Extended foreclosure freeze could add pressure on housing market

By Implode-Explode Heavy Industries

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""The moratoriums, both state-mandated and self-inflicted, can be incredibly destructive to the fragile recovery of the housing and housing finance markets," said Anthony Sanders, a real estate finance professor at George Mason University. "Consumers looking to get back into housing are even more fearful than before. This can lead to further house price declines.""

Full post as published by Mortgage Lender Implode-o-Meter on October 10, 2010 (boomark / email).

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