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IPFS News Link • Housing

Housing aid won't solve U.S. crisis

02-21-2009 • International Herald Tribune

About 28 percent of mortgage borrowers now owe more than the value of the houses, according to Zelman & Associates. And with equity stocks down 45 to 50 percent, their assets have shrunk more alarmingly, making them less good risks.

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Reported By Jack Gregson

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