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WI Business School predicts foreclosure “perfect storm”

MADISON (WKOW) — Researchers at the University of Wisconsin Business School call it the “perfect storm”.

Home values are declining and unemployment is rising.

Authors of a new study at the business school say President Barack Obamaâ??s foreclosure rescue plan doesnâ??t adequately address both problems.

Authors: Morris A. Davis, Stephen Malpezzi and François Ortalo-Magné