Foreclosure Deal, Refinance Efforts Won’t Fix Housing

February 9, 2012 in MA Foreclosures, MA Mortgages | No comments

Foreclosure Deal, Refinance Efforts Won’t Fix Housing

There’s something remarkably similar about the $25 billion ‘robosigning’ settlement reached by a handful of big mortgage lenders and the three separate government refinance programs aimed at helping struggling homeowners pay their loans.

Both efforts seem to miss a larger point: that there is no quick-fix solution to the long-running U.S. housing slump. And, because of that, neither pursuit is expected to have much of an impact.

Read more at Pols Seek Quick Fix Via Foreclosure Deal, Refinancings.

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