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Foreclosure Follies -

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At www.nytimes.com

Editorial: 'What are House Republicans proposing? They want the government to get out of the antiforeclosure business altogether and leave homeowners to fend for themselves. The result would be hundreds of thousands of additional foreclosures and steeper price declines. House Republicans have introduced bills to eliminate four federal antiforeclosure programs and replace them with -- nothing. This editorial is a list of those programs and ways they could be improved.' As the editorial states: 'All of the targeted programs address serious unmet needs. If House Republicans get their way and shut these programs down, all Americans will pay the price.'

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At www.nytimes.com


 

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