Tag: Community Reinvestment Act

Housing: 1M Foreclosures Up 25% from 2011 – Increasing Market Weakness – Lost Equity to Neighbors from Government Intrusion

Foreclosure_1

For more than a year, home foreclosures slowed as banks and mortgage companies dickered with the government on how taxpayer relief could bail out a small percentage of those who purchased homes they could not afford. The deal struck and…