Government interference in the housing market might be backfiring

09/1/2010 | CNNMoney/Fortune

The U.S. government is working to implement more programs aimed at curbing foreclosures. The need for such programs appears evident, but the numerous programs launched since the beginning of the housing crisis have done little to truly help the market, according to Fortune magazine. For example, the Home Affordable Modification Program and the Home Affordable Refinance Program have helped cool the foreclosure rate but have struggled to offer permanent relief to homeowners.

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