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Financial literacy key to avoiding mortgage trouble

By Repps Hudson, KWMU


St. Louis – There's plenty of blame to go around when it comes to foreclosures. But one point comes up again and again. In the go-go years of the housing bubble, borrowers forgot the basic rules of how to manage their money and credit. And lenders took advantage of that situation.

As part of the KWMU series "Facing the Mortgage Crisis," Repps Hudson prepared this report on financial literacy.

Additional Information:
A blog concerning mortgage fraud
Mortgage Fraud Reporter
Federal Reserve Bank of St. Louis: Economic Research