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Foreclosures Could Bring Home Prices Further Down by 10%

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  • Stan Brody | | 06 Apr 2012, 06:32 PM Agree 0
    ONLY an inept, utter, idiotic fool believes anything coming out of Case Shiller... which has missed on EVERY housing projection since the inception of the depression... Dr. Shiller even went to so far, in 2011, as to state that "I cannot get y mars around it"....

    COLD HARD FACT... of the more than $11 trillion dollars of outstanding real estate debt Fannie Mae hols less than $800 Billion... thus any idiot can tell that the President's photo op announcement of HAR2 requiring Fannie Mae and Freddie Mac to modify mortgages will be an utter failure... ONLY an across the board mark-to-market modification offered to everyone of the more than 22 million underwater homes can or will stabilize the housing market...
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