Primary Cause Of Foreclosure Now Unemployment

06/05/2011 11:30 am ET | Updated Aug 05, 2011
  • ANDREW MARTIN nytimes.com

The Obama administration's main program to keep distressed homeowners from falling into foreclosure has been aimed at those who took out subprime loans or other risky mortgages during the heady days of the housing boom. But these days, the primary cause of foreclosures is unemployment.

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