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September 24, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

Amherst Sees 7m Foreclosures Poised to Distress House Prices

Recent analysis by the Amherst Securities Group indicates the housing industry will not only worsen as a delayed pipeline of foreclosed loans begins to liquidate, but that the Administration’s Making Home Affordable Modification Program (HAMP) will have no lasting effect on keeping delinquent loans current.

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