Asset Building: Promising Policies to Stem the Foreclosure Tide

Published:   January 12, 2011

As 2011 gets underway, it looks like there’s plenty of hardship ahead for families caught up in the economic downturn and the bursting of the housing bubble. We should be actively searching for ways to slow down the pace and incidence of foreclosure. In many cases, the bank, homeowner, and local community would all be better off if mortgage terms could be renegotiated. Reid Cramer gives a description of three promising policy ideas that can help clean up the mortgage mess and mitigate the devastating impacts of the foreclosure crisis.

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