Mortgage rates dropped at a modest pace for the 3rd straight day on Thursday. This brings them back in line with levels seen at the end of last week. That’s notable because many media outlets–even.
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Although Congress has taken significant steps to stabilize financial markets, it has yet to address the fundamental cause of the nation’s financial crisis-the skyrocketing number of mortgage.
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A new paper, Bankruptcy Reform and Foreclosure, argues that the 2005 bankruptcy amendments are deepening the mortgage crisis. The article was written by David Bernstein, an economist at the U.S.
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