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Loan Modification

: Mortgage Lender Implode-o-Meter

Neugebauer: Feds need to get out of housing market

By Implode-Explode Heavy Industries

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West Texas Rep. Randy Neugebauer said letting the housing market bottom out and then start coming back will help remedy the budget woes of states and local governments.

But the markets won't come back as long as there's a huge inventory of housing no one knows what to do with, Neugebauer said this week in Washington at a conference on housing finance reform.

Full post as published by Mortgage Lender Implode-o-Meter on January 29, 2011 (boomark / email).

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