"What is really behind the mushrooming rate of mortgage foreclosures since 2007?" asked Professor Stan Liebowitz of the University of Texas, Dallas on the op-ed page of the Wall Street Journal. His answer might have seemed revelatory to someone utterly bereft of common sense. After studying a huge national data base, he said the evidence "strongly suggests that the single most important factor is whether the homeowner has negative equity in a house."
Duh. That's like saying, "What is...
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