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Obama pitches mortgage overhaul as housing rallies

wochit politics
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August 06, 2013 AT 4:46 PM
President Barack Obama said taxpayers can no longer be on the hook for bad decisions by mortgage lenders. Obama says owning a home is supposed to fulfill the American principle that hard work and responsibility pay off. He says recklessness by lenders and buyers triggered a housing collapse, and the market is still healing.