No sunset yet for China’s property clampdown
BEIJING, July 14 — Investors who bet that China will declare an early end to its property tightening campaign are doing so at their own peril. While the government is likely to fine-tune real estate policy as the economy softens in the coming months, it is not about to reverse tightening measures that it believes are critical to safeguarding …
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Foreclosure crisis phase 2: the negative equity dilemma
Many prime borrowers are being caught between devalued homes and job losses. Will Congress step in? Can Obama’s Home Affordable Modification Program help?
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