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Loan Modification

: Loan Modification & Home Loan News

Housing?s new nightmare ? No Jobs, No Mortgage Payment

By Moe Bedard

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The blame lies in the sputtering labor market, experts say. More people are losing their jobs, as evidenced in the steady rise in initial unemployment claims, and this is prompting them to default on their mortgages. “You can’t expect a recovery in the housing market in the absence of a recovery in the jobs market,” [...]

Full post as published by Loan Modification & Home Loan News on August 30, 2010 (boomark / email).

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