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Risk of Big Housing Price Drop Still Minimal

American Banker  |  Thursday, April 2, 2009

The risk of a home price decline in the Dallas-Fort Worth area crept up a bit in the final months of 2008. But the likelihood of lasting, significant drops in residential value here is still "minimal," according to the latest report from mortgage insurance firm PMI Group...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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