Summary
WASHINGTON - The Obama administration's effort to help those at risk of losing their homes is failing to aid many and could spur a rise in foreclosures that would further depress the housing industry.
More foreclosures would force down home prices and that would deter already-ailing homebuilders from starting new projects.See the full content of this document
Extract
Foreclosure Relief Effort Could Backfire
As a result, the economic rebound could suffer. Each new home built creates, on average...
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