March 26, 2008
More on Foreclosures and Bailouts (from NYTimes, CAP, and Urban Inst.)
The importance of homeowners seeking help in time to avoid foreclosure is covered in: John Leland, "Swift Steps Help Avert Foreclosure in Baltimore," N.Y. Times, Mar. 26, 2008.
The Center for American Progress' Housing Page includes a number of editorials and facts/figures that contrast the Wall Street Bailout with the treatment of homeowners (David D. Abromowitz, "Selective Bailouts"); provide an overview of the situation; and most significantly includes Abromowitz's report, "Addressing Foreclosures: A Great American Dream Neighborhood Stabilization Plan," CAP Jan. 31, 2008.
The Urban Institute also just published: Edward M. Gramlich, Subprime Mortgages: America's Latest Boom and Bust (you have to buy it, here is the amazon.com link, but the first chapter is online and can give you a taste of the book).
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