Obama’s Foreclosure Fix Failures

The Obama administration’s attempts to deal with the foreclosure crisis have been nothing short of abysmal. As of right now, more than 6 million American homeowners remain under threat of foreclosure, or are behind on their mortgage payments. Property prices are continuing to fall, and inventories across the U.S. are overwhelmed with foreclosed homes. Obama’s

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US Treasury Looks at New Plan to Help Homeowners Avoid Foreclosure

The US Treasury is exploring a new idea which could help 1 million homeowners avoid foreclosure. A central part of the plan is modifications to delinquent or defaulted mortgages, and it would include reducing the value of the principal by writing it down, bringing fresh capital into the market. This new plan could be applied

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