CBO: Looming recession likely to curtail mortgage credit

?Such fiscal tightening will lead to economic conditions in 2013 that will probably be considered a recession, with real GDP declining...and the unemployment rate rising to about 9% in the second half of calendar year 2013,? the CBO said.

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Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/Dxmz1o6n9rA/cbo-pace-credit-improvements-will-slow-recession-looms

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