Sunday, August 10, 2014

Loan Mod Default: BofA"s Moynihan, "is homeownership the right solution for everyone?"

Everyone can’t own a house. We tried that during the housing bubble, and it didn’t work out very well. First, by pushing everyone into home ownership, it raised prices to unsustainable levels. Second, doing so by giving unqualified buyers dodgy loan products created instability in...
BofA"s Moynihan, "is homeownership the right solution for everyone?"




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