Anti-foreclosure programs are not enough: watchdog

by Moe Bedard on October 9, 2009 · 0 commentsin Government WASHINGTON (Reuters) â€" Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday.With a foreclosure filing occurring every 13 seconds, the United States is mired in a housing slump that is destroying billions of dollars in property values and threatening to choke off the economy’s recovery

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