Six Steps To Stem The Foreclosure Crisis

On January 7, President-elect Barack Obama declared his intention to address the foreclosure crisis soon after being sworn in. The challenge now for advocates is to ensure that the details of the plan match Obama's rhetoric and truly assist homeowners and renters. Strong federal mandates are needed because the foreclosure crisis is expected to worsen. At the end of last year, credit agency TransUnion estimated that 4.7 percent of all mortgages were delinquent by 60 days or more. And they've

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