HAMP Is Not Enough
The federal government's Home Affordable Modification Program has a lot of mass appeal. But banks have been slow to act and HAMP was never intended to be the sole solution to the foreclosure crisis. HAMP needs backup.
The Disproportionate Impact of Foreclosures
Communities of color have always lagged far behind in homeownership, and foreclosures are making the situation worse. During the heyday of the subprime lending...