‘Zombie Mortgages’ Delaying Economic Recovery

Zombie mortgages, or home loans that are worth more than the underlying collateral of the house, are impeding a recovery in home sales and in the broader economy, according to Barclays Capital chief economist Dean Maki.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_453/zombie-mortgages-dean-maki-barclays-limbo-loans-1026982-1.html

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