Monday, June 18, 2007

Mortgage Bankers Association: 4 States Ruining It For Everybody

Dammit! If it weren't for the high rates of foreclosures in the states of California, Nevada, Florida and Arizona, this media circus about the national housing bubble crash would easily blow over like a Phoenix tumbleweed, or a category 2 hurricane approaching Orlando.

"Those states have special circumstances that do not reflect what is happening in the rest of the country." - Doug Duncan, MBA's Chief Economist and Senior Vice President of Research and Business Development

In other words, nothing to see here people! Move along. Nothing to see here!

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