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Fitch: Problems in Housing Greater than Originally Estimated 

Jun 10, 2008By

In a wide-ranging report on U.S. housing released Tuesday evening, Fitch Ratings said that its “forecast for the housing sector in 2008 has become more bearish,” pointing to a soft economy, very depressed consumer sentiment, and an unaccommodating mortgage market as key factors behind the latest bearish turn at the credit rating agency.