FastSaying

Katrina is going to muck things up; it's just a question to what degree.

Mark Zandi

Mark Zandi

DegreeMuckQuestion

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It's a question of degree,
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The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control.
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In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.
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