Thursday, February 4, 2010

New Report Links Homeowners’ Auto Dependence With Foreclosure Risk

DCStreetsBlog.org
Elana Schor // January 28, 2010

Homeowners in car-dependent areas without access to alternative transportation are at greater risk of foreclosure, according to a report released yesterday by the Natural Resources Defense Council (NRDC) that calls for mortgage underwriting standards to begin taking so-called "location-efficiency" into account.

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