Mortgages

February 18, 2009, 1pm PST
President Barack Obama has announced a $75 billion plan to help counteract home foreclosures -- a move that aims to allow more than 9 million Americans to refinance their troubled mortgages.
The New York Times
February 17, 2009, 11am PST
Banks and financial institutions are making the foreclosure crisis worse, as lobbying efforts seek to block bankruptcy courts from gaining more power to reduce debt, according to this article from <em>Der Spiegel</em>.
Der Spiegel
October 7, 2008, 8am PDT
Officials in Mexico are looking to crack down on rampant police corruption with an unlikely carrot: mortgages.
Associated Press
Blog post
September 23, 2008, 6pm PDT

The on-going foreclosure and subsequent credit crisis should offer important lessons for housing policy and public policy more broadly. Chief among these lessons might be the falsity of the notion that government regulation is always bad. But some conservative commentators cling to the dogma that government intervention is the root of all evil. An explanation being offered by some is that government intervention in the form of Community Reinvestment Act encouraged irresponsible lending and led to the subsequent housing bust.

Lance Freeman
July 30, 2008, 9am PDT
<p>President George W. Bush signed into law a package of housing legislation intended to ease the burden on thousands of borrowers who face losing their homes. The legislation will also bail out major mortgage financiers Fannie Mae and Freddie Mac.</p>
The New York Times
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