TITLE

Pair of Economists Advises, Hasten Foreclosures, Don't Delay Them

PUB. DATE
March 2009
SOURCE
National Mortgage News;3/9/2009, Vol. 33 Issue 23, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the statement of John Burns, a Southern California consultant, and Larry Miller, a real estate professor, about foreclosures in the U.S. Speaking at the annual Midwinter Housing Finance Conference, Burns said that the number of repossessions will run at an annual rate of 2.5 million through 2012. Meanwhile, Miller stated that only 10%-15% of those homeowners who are in danger of losing their homes can be helped by the Obama administration's plan to rework their loans.
ACCESSION #
37007467

 

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