$75 Billion Carrot, but Few Nibbles
If current incentives do not produce enough loan modifications, Congress must provide an alternative to help Americans keep their homes. Go to Source
If current incentives do not produce enough loan modifications, Congress must provide an alternative to help Americans keep their homes. Go to Source
With the real estate market in the doldrums, many owners of multimillion-dollar homes are being pushed by creditors or courts to use auctions. Go to Source
The Treasury Department identified banks that had been slow to offer more affordable mortgages to eligible homeowners. Go to Source
Instead of shutting low-income Americans out of home ownership based on misconceptions about poverty, we should build a comprehensive system to aid low-income buyers. Go to Source
To put the bubble behind us, we need to place mortgage lenders on a path to settling up with underwater homeowners. One solution may be a federally regulated lease-back system. Go to Source
While the stimulus package is cushioning the worst effects of the downturn, new policies on foreclosures and lending must also be part of the plan for economic recovery. Go to Source