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Posts Tagged ‘subprime mortgages’

Newspaper Says Current Measures Aren’t Enough To Solve Housing Mess

April 20th, 08

The San Jose Mercury News newspaper has published an editorial saying that current government efforts to solve the nation’s housing crisis simply won’t get the job done.

The newspaper noted that the feds have been encouraging mortgage companies to do what they can to prevent home foreclosures by renegotiating difficult loans. However, as the newspaper states, the voluntary campaign hasn’t worked so far.

Tags: housing, foreclosures, Finance, Subprime lending, subprime mortgages, Flood