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Dec 11, 2012 4:19PM
Rental housing is a growing crisis according to the Center for American Progress, but policymakers have made it "an afterthought in the debate over the future of mortgage giants Fannie Mae and Freddie Mac ." David M. Abromowitz, a Senior Fellow at the Center, said that the U.S. housing market appears on the road to recovery but any mention of a broad "housing recovery" ignores the far less rosy future of roughly a third of the U.S. population, the 100 million people who rent. Renters face a long...
Dec 11, 2012 2:54PM
Nineteen members of the House of Representatives sent a letter today to President Obama and leaders of both parties in the House and Senate urging the expansion of assistance to homeowners, some 10.8 million of whom have homes that are underwater, as part of any resolution of the so-called fiscal cliff . The letter said in part, "Given the clear benefits of providing assistance to underwater borrowers , as well as the significant savings for the American taxpayers, we believe that provisions expanding...
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