US Politics Obama Years Public date: 25.02.2019 20:17:58

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17 Oct 2010

Banks and Borrowers Need a Foreclosure Freeze

As additional evidence mounts that more than a few banks have made serious errors in dealing with foreclosures, it s becoming more evident that a nationwide foreclosure freeze is in order. The uncertainties that a long-drawn out crisis would create, the manifest flaws in the current system for performing foreclosures, and the stakes for the economy all indicate that a time-limited but near-absolute freeze on new foreclosure activity will do more good than harm.
As additional evidence mounts that more than a few banks have made serious errors in dealing with foreclosures, it s...

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