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Tag: outstanding mortgages

The Tipping Point: Rebirth of HOLC?

Wed Mar 11, 2009 by on Florida Foreclosures

As the economy continues to worsen and confidence generally erodes as reflected in part by the Dow Jones Index dropping 25 percent since the beginning of 2009, the question arises: is there indeed a magic bullet to turn the world economy around? Some have suggested that Wall Street’s exportation of toxic mortgage-backed securities to investors throughout the world was “evil […]