Posts Tagged ‘HOLC’

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

Written on 24 Feb, 2014 at 18:12

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.... (Continue reading)

Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works

Written on 7 May, 2012 at 6:25

Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)

Tagged with: bailouts CNBC CNN consumer spending debt forgiveness deleveraging diana olick economic recovery economy Ed DeMarco falling house prices Fannie Mae Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac Goldman Sachs greece economy HAMP HOLC Home Owners Loan Corporation iceland IMF International Monetary fund Ireland debt jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode moral hazard mortgage crisis mortgage refinancing mortgage servicers NACA obama administration recession rick santelli TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers World Economic Outlook