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Addressing the Foreclosure Crisis: A Hamilton Project Policy Discussion
Friday, March 14, 2008
Falk Auditorium, The Brookings Institution
1775 Massachusetts Avenue, NW, Washington, DC
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With house prices down, many Americans now owe more on their mortgages than their homes are worth – a problem referred to as “negative equity.” In addition, interest rate resets on select subprime and traditional loans will result in even higher mortgage payments for many families already struggling to make ends meet. The results of these conditions are already apparent, with foreclosures in January 2008 up 57 percent from the year before. On Friday, March 14, The Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem.

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