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News Link • Housing

Foreclosures are the Pig in the Python: Public Policy is Delaying the Pig

• CNBC.com
 
"Public policy is delaying the pig in the python," Zelman told an auditorium full of real estate types. "The pig has lipstick." Zelman is referring to the shadow inventory of foreclosures (the pig) that is making its way through the nation's financial system.

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