Irvine Foreclosure
Irvine Foreclosure - Looking Ahead
The presidential candidates have had disappointingly little to say about the foreclosure crisis in Irvine, Ca and anti-foreclosure policies. Senator Barack Obama has expressed support for the Frank-Dodd FHA bill, but not yet for the bankruptcy modification bill. In good Republican tradition, McCain advocates “no government intervention.” But the foreclosure crisis in Irvine is likely to worsen in the coming months, and the public may well demand more policies to address this growing problem. The homeowner-initiated policies are preferable because they provide the most protection for homeowners against foreclosure. Both of these options should be available to homeowners facing foreclosure, especially for those with low or moderate incomes.
The guiding principles of government anti-foreclosure policies should be: (1) homeowners should be allowed to stay in their homes; and (2) there should be no bailouts for the lenders. And the long-run objective of government housing policies should be: decent affordable housing for all in Irvine.
For the rest of the story by Fred Moseley click here!
{ 0 comments… add one now }
Kick things off by filling out the form below ↓
Leave a Comment