That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages.
Rising foreclosures will further depress home values, —one in five of those with first mortgages—will be underwater.
The government is “unlikely to implement another moratorium.” But it plans to put in place some programs that encourage lenders to try some alternatives to foreclosure.
Rising foreclosures will further depress home values, —one in five of those with first mortgages—will be underwater.
The government is “unlikely to implement another moratorium.” But it plans to put in place some programs that encourage lenders to try some alternatives to foreclosure.
