St. Louis Business and Finance News: Over the last year-and-a-half, professionals have been trying every imagineable program to slow the foreclosure tidal waves hitting this housing market. Yet, these very ones are now saying foreclosures are actually needed to help this market.

The head of the Treasury Department’s Homeownership Preservation Office, told a congressional panel that an important part of ensuring longer-term stability in the market is to enable properties to be…
http://www.mortgagecalculator-s.com/mortgages/st-louis-commercial-loan-modification-programs-foreclosures-must-go-on/