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News Link • Housing

A Record Year: 2010 on path to having 4 million foreclosure filings

Since the collapse of the mortgage market 95+ percent of all loans are now “safe” government backed loans. Yet problems are still here. So doesn’t it seem unwise and downright illogical to try to get more people to buy if clearly wages and jobs don’t support this? This is why it is absolute nonsense that tax credits and trillions of dollars to the banks were given under the pretense of helping people to buy homes and keep lending activity going.

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