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    • Housing Prices To Return All the Way To Pre-Bubble Levels? [view article]
      Well that would have been true a year back when the mortgage companies still lookedlike they would survive. However, since the availability of credit to both new/first-time home-buyers and existing mortgage borrowers whose rates will reset up higher over the next 12 months remains fairly poor with so many mortgage companies shutting down and the market dropping bonds backed by these loans in a hurry, it is difficult to see where the money will come from to stop the fall. We would really need to see widespread loan modifications so that the borrowers facing resets will not be forced to default. There will still be borrowers out there who cant really afford their mortgage payments but had betted on the housing market to keep going up who could "walk-away" from there homes. Sep 01 06:49 AM
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