Attorney Michael Burg discusses the Fed’s response to underwater homeowners and preventing another spate of foreclosures. We’re definitely seeing a market slowdown – but are we headed for another foreclosure crisis? Comment and let us know what you think.
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Thees big mortgage companies need to to throw in the towel now and start giving automatic principle reductions by 50%. The economny is so bad and there no jobs available specially when there are 200/500 applications to 1 job. The state of California has too many regulations for business’s like air quality and other issues that they are driving these companies away to other countries for subcontracting to save on labor wages,medical insurance and for tax purposes. The government officials Fannie/Freddie have really screwed things up when it comes to the housing crises. They are an entity that we can do without.