04.10.2011 - Housing market failing to clear: The Ticker
The market isnít doing a very good job of cleaning up after the housing bust, more evidence that this is a place where government intervention could help. Banks are taking ever longer to get houses through the foreclosure process, onto the market and into the hands of new owners. As of August, the average mortgage borrower in foreclosure hadnít made a payment in 611 days, according to data provider LPS Applied Analytics..............................................Full Article: Source
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