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Foreclosure Crisis NOT Leveling Off

By Implode-Explode Heavy Industries

"The foreclosure rate is being artificially stemmed by lenders reluctant to put even more inventory on their books. That is a crisis delayed, not crisis averted. It's a tactic that won't work over the long term and likely to encourage strategic default. "Leveling off" is the wrong term. "Masked" would be a better one.""

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).