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Foreclosure Activity Resumes Climb in California: Report : HousingWire || financial news for the mortgage market

The Mess That Greenspan Made found this 1/14/2009 on housingwire.com

We’ve written for months now that extending foreclosure timelines — either via the use of legislation to lengthen notice periods, or through more direct moratoria efforts — will accomplish little more than delaying defaults, while simultaneously driving up costs and stretching servicers to a ...