Download 62419779-Underwater-ReportThis report was released today by New Bottom Line --a coalition of community groups who are holding Wall Street Accountable. The report shows that if banks modify all underwater mortgages we could create a $71 billion annual stimulus and create 1 million jobs. It is an interesting and timely report and well worth a read. The report has an appendix that has a state by state breakdown as well.
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I just can't see this getting any mainstream acceptance to be honest.
Posted by: Reverse Mortgage | October 31, 2011 at 09:42 PM