Projected Foreclosures Stir Industry Concerns
The Sun (San Bernardino, CA) › September 13, 2009
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Summary
As real estate veterans nervously eye the projected rise in mortgage delinquencies in 2010, they're clamoring for more government-fueled homebuyer incentives, investor incentives and industry regulations that would hopefully bring the housing downturn to its knees.
"We need all of it," said John Young, president of Rancho Cucamonga-based Young Homes, about changes needed in the appraisal, home building, mortgage banking and real estate investment arenas.See the full content of this document
Extract
Projected Foreclosures Stir Industry Concerns
But one economist says this push probably won't do much, given the overwhelming amount of homes projected to go into foreclosure, and the ones banks are already sitting on.
"All it's going to ...See the full content of this document
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