U.S. Foreclosure Mitigation Efforts Found Insufficient, States Play More Active Role
July 5, 2012
Federal officials deny that theyre growing weary of and disinterested in the ongoing foreclosure crisis, even while observers are calling for more effective solutions. Folks in Washington tell me there is a general sense of foreclosure fatigue in our nations capital, wrote Jean Braucher, a professor of law at the University of Arizona, in the finance blog Credit Slips. Its just so boring to keep thinking about all the people losing their homes year after year. Cant we move on to something new? This attitude goes along with a failure to do anything meaningful to get out of the five-year-old mortgage crisis, still...