If you believe what Catherine Reagor said on AZCentral.com he is. Check out her story and then note that Fannie and Freddie have had a moratorium since last fall.
Why is there no comment about the foreclosure moratorium? Of course there was a lower number of foreclosures. Doesn't that mean there is a backlog of people who are behind in their payments and foreclosures will skyrocket again? Please see http://www.consumeraffairs.com/news04/2009/01/foreclosure_moratorium.html
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