BlackRock Inc. chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the mortgage market's recovery while benefiting the banks that own second loans on the properties.

"I am just very worried," Fink said last week. "How do we get a vibrant securitization market back when we are doing these things in the short run that are good for the banking system and good for the homeowner but not as good as it should be?"

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