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Industry: Email Alert RSS FeedSubprime bust has its positives
Mortgage Banking, Jan, 2008 by Howard Schneider
One housing group says the counseling and financial assistance necessary to prevent foreclosure costs $3,300 per home, reports Bloomberg. Congress's Joint Economic Committee estimates an average foreclosure costs a community $227,000.
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Howard Schneider is a freelance writer based in Ojai, California. He can be reached at howard@mmnl.net.
COPYRIGHT 2008 Mortgage Bankers Association of America
COPYRIGHT 2008 Gale, Cengage Learning
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