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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1073 |
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Secondly, the amount of mortgages in default and foreclosure are at an all-time high, which also adds to the number of unsold houses on the market. Reasons like the aforementioned add continuous demands on a declining housing market. In order to relieve the doubts of people, the prolongation of defaults on mortgages, and as house values decline, it is very important for regulations to be put in place to avoid the hazards of the industry’s downward turn...
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In order to relieve the doubts of people, the prolongation of defaults on mortgages, and as house values decline, it is very important for regulations to be put in place to avoid the hazards of the industry’s downward turn. Just last week Congress stepped in to try to help with the housing mess. It has helped the housing industry by voting to bail out Fannie Mae and Freddie Mac...
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General points of the essay
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