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IPFS News Link • Housing

Rising Job Losses = Rising Foreclosures

• Ritholtz.com/blog
This is a theme I have been hammering on for some time: As more people lose their jobs, we will see increasing foreclosures, adding further stress to banks’ already ugly balance sheets.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Yes, but the key take home point is these foreclosures are now from middle class people who had good credit and readily qualified for the loan.



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