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2012-03-09 — counterpunch.org
"Now that the banks are confident that a settlement will be reached in the $25 billion robo-signing scandal, they've started aggressively processing the mountainous backlog of delinquent mortgages on their books. As the process gains pace, a deluge of REOs will be dumped onto the market pushing down home prices and adding to the 10.7 million properties that are already underwater. Fitch Ratings Agency estimates that home prices could fall another 9.1 percent before the market touches bottom"
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