Foreclosure levels unlikely to fall

Cato Institute
by Mark A. Calabria

08/06/09

Why have efforts of President Barack Obama’s administration to reduce foreclosures had so little impact? In response to this embarrassment, the Obama administration has called the largest mortgage servicers to Washington, and Congress has held at least three hearings over the last few weeks. Undoubtedly, pressure will be applied to the lenders to do more. However, these efforts will largely be fruitless until the administration recognizes the true driving forces behind mortgage foreclosures...

http://www.cato.org/pub_display.php?pub_id=10429


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=foreclosure
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