Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds

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In 2009-2010, the housing crisis was at its worst: an average of nearly 300,000 new foreclosures were started every month during those two years. Banks that serviced delinquent mortgages held off on starting foreclosure proceedings on loans located in the electoral districts of members of the House Financial Services Committee in order to influence Congressional […]

NAR Paper Identifies Homeownership Hurdles

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Five barriers to homeownership are identified in a new study released on Friday by the National Association of Realtors . The white paper, titled “Hurdles to Homeownership: Understanding the Barriers” was prepared for NAR by the Rosen Consulting Group and examines why, “Despite steadily improving local job markets and historically low mortgage rates, the U.S. […]