About 25 percent of households with a mortgage owe more than their house is worth. To prevent further foreclosures, some economists want the government to take bolder action and automatically refinance homeowners.
Others say it should back away and allow the market to chart its own course.
householdsEconomists Divided Over Remedy For ForeclosuresNPR Programs: Morning Edition Sun, 09/26/2010 - 10:01pm
City celebrates groundbreaking for Franklin Gardens Senior Housi...Austin City Connection News and Event Highlights Mon, 09/28/2009 - 12:50am
East Austin project will provide one-bedroom units near downtown for low-income senior households. Foreclosures Up As Unemployment SoarsNPR Programs: Morning Edition Thu, 07/16/2009 - 5:41am
New figures show the number of people in trouble with their mortgages continues to rise. According to foreclosure listing service RealtyTrac Inc, more than 336,000 households received at least one foreclosure-related notice in June. |
