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Housing recovery plan called into question

Posted on 02 February 2012

Just one short week ago, President Barack Obama called for “no more red tape” and “no more runaround” from the banks, offering homeowners the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates.
But with mortgage origination and home prices nearing bottom, the commercial real estate industry is divided over whether the President’s plan and new Financial Fraud Task Force will help—or hurt—the already troubled housing market………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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