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Mortgages Are About Math: Open-Source Loan-Level Analysis of Fannie and Freddie This week on the JOURNAL, Bill Moyers spoke with two journalists from the progressive magazine MOTHER JONES about Wall Street’s power over Washington and why the public isn’t demanding more regulation.
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Most relief offered under the national mortgage settlement was provided in states with much higher average home prices, Simon said. For example, about 30 percent of the principal reduction was in California, where average home values are among the highest in the country, he said. "Obviously, that pushed up the national average."
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