With 25 percent of mortgages underwater and high levels of delinquencies, James Lockhart, former director of The Office of Federal Housing Enterprise Oversight, says the housing market will need another year or more before it shows signs of recovery.
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Filed under: Uncategorized, Delinquencies, Fannie Mae, Foreclosures, Freddie Mac, housing market, real estate, Second-Lien Modification, Video, Views
