Monday, October 25, 2010

“We take violations of proper procedures seriously,”

Bernanke: We take foreclosure problems seriously

"Now, more than 20% of borrowers owe more than their home is worth and an additional 33% have equity cushions of 10% or less, putting them at risk should house prices decline much further," he said. "With housing markets still weak, high levels of mortgage distress may well persist for some time to come."

Posted by khards @ 02:23 PM (837 views)
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