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Moody’s Urges For Underwater Homeowner Assistance

Moody’s Analytics has called on the federal government to take steps to help underwater homeowners to head off another downturn in the housing market, reports Housing Wire.

Moody’s Analytics has called on the federal government to take steps to help underwater homeowners to head off another downturn in the housing market. Mark Zandi, a Moody’s analyst, said continued decline in home prices could prompt borrowers to opt for a strategic default over paying their mortgages, which could have a negative impact on the market.

Click here to read the story from Housing Wire.

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