Foundation for Economic Education » Another Round of Foreclosures Expected

Another Round of Foreclosures Expected

Posted By Sheldon Richman

“The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher payments that could force borrowers to fall behind, according to a report released Tuesday by Fitch Ratings.” (Washington Post ^[1], Wednesday)

The fruits of government housing policy.

FEE Timely Classic
“Why Laws Backfire” ^[2] by Marisa Manley

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/foreclosures-expected/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/09/08/AR2009090803507.html

[2] “Why Laws Backfire”: http://www.thefreemanonline.org/featured/why-laws-backfire/

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