Business
    Next Score View the next score

    Boston Capital

    Shrinking the foreclosed real estate glut

    The $25 billion mortgage settlement between five leading lenders and the attorneys general of most states is good news for a lot of people. But it isn’t going to fix the nation’s residential real estate mess.

    That mess - millions of homeowners underwater on their mortgages, a stagnant residential sales market that lacks buyers and a clog of foreclosed property - can’t be cleaned up with any single plan or settlement.

    Your comment is subject to the rules of our Posting Policy

    This comment may appear on your public profile. Public Profile FAQ