Solutions to the Foreclosure Crisis
Allow qualified homeowners to restructure mortgages under court supervision (H.R. 1106/S. 61) Restore confidence in the housing market by strengthening mortgage lending practices and correcting perverse business incentives to make bad loans (H.R. 1728) Reduce tax burdens related to loan modifications that undermine foreclosure prevention Reduce or eliminate key obstacles to constructive loan modifications (S. 376) Increase modifications by providing legal protection for loan servicers and boosting participation in the Hope for Homeowners Program (H.R. 703) Strengthen oversight of the FHA and...