Too many people are ineligible for ‘Home Affordable’ refinancing – By Jack Guttentag – a good summary – Chicago Daily Herald
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1.  ‘Great Recession’ Will Redefine Full Employment as Jobs Vanish – By Matthew Benjamin and Rich Miller – Post-recession America may be saddled with high unemployment even after good times finally return. … A higher rate would also require the Fed to make a choice: Accept an economy with more Americans permanently out of work, or try to boost employment at the risk of heating up inflation. …  -  Bloomberg  – …think of the effect this will have on consumer spending going forward BC

2.  U.S. Home Prices May Be Lost for a Generation: John F. Wasik – 4 or 5 good points – Bloomberg

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Supply of O.C. homes for sale at 3-year low – by Jon Lansner / ocregister.com