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In this photo made Friday, June 5, 2009, Jerry Turner stands in the living room of the Charleston W.Va. home his mortgage servicer, Select Portfolio, collected payments on for six years before he found out that it had been foreclosed on and later auctioned off.
WASHINGTON -- Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump.
A closer look at the Obama plan reveals that the proposed overhaul is, by and large, in the best interests not only of consumers of financial products, but the financial companies themselves.
by Zach Carter, TMC MediaWire Blogger President Barack Obama is scheduled to unveil his agenda for revamping financial regulation later this week. As the economy...

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