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IPFS News Link • Housing

Mish: More Prime Foreclosures; More Re-Defaults

05-31-2009 • Michael Shedlock / Mish

She said that in talking with servicers, she's hearing other debt is so high that most of today's troubled borrowers cannot afford any loan payment at all, even at a very modest debt-to-income ratio. 'Just getting the house payment done doesn't mean their lifestyle...

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Reported By Jack Gregson

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