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Job Loss Could Put One in Three Homeowners Out of Their Home

One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September. Job loss has become the primary driver of mortgage defaults. With the state of the labor market posing one of the biggest obstacles for struggling homeowners and their lenders, a number of programs at both the national and state level have been launched to assist unemployed homeowners, but so far, the expected results haven’t materialized.

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Job Loss Could Put One in Three Homeowners Out of Their Home

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