Advocates, Industry See Different Causes for Skyrocketing Foreclosures in the Buckeye State
September 7, 2006
High foreclosure rates in Ohio have caught the attention of the House Financial Services Committee, which recently held a field hearing to investigate the reasons behind a foreclosure rate that is more than twice the national average. But if lawmakers were seeking certainty from their meeting in Cuyahoga County, they likely left disappointed: industry and consumer group representatives who testified at the hearing offered very different explanations for the problem – and urged a different set of solutions to deal with it...