The rise in sub prime home loan foreclosures poses looming threats towards the housing marketplace, mortgage brokers, and home owners in the united states. The middle for United states Progress circulated a written report from the problem previously this month entitled вЂњFrom Boom to Bust: assisting Families get ready for the boost in Sub prime home loan Foreclosures.вЂќ
The report describes the issues that some property owners are dealing with and details policy solutions that will help families handle the crisis.
In accordance with the report, policymakers should think about:
- Federal funds to enhance and enhance current home loan help and property foreclosure prevention programs and low-interest mortgage assist with eligible borrowers. (more…)