The nation’s foreclosure crisis is easy to identify, but solutions have so far eluded the best and brightest.
Still, past failures haven’t deterred new attempts to clear the glut of foreclosures weighing heavily on the balance sheets of both banks and the federal government. On Tuesday a Senate subcommittee met in Washington for a hearing to discuss and debate some these new ideas.
Granted, hours of congressional testimony don’t usually provide fodder for blogs, but some ideas presented Tuesday are worth highlighting. The hearing was prompted, in part, by the Obama administration asking investors for ideas on how to turn thousands of foreclosed homes owned by the government into rentals. (Lots of investors are already clamoring for a way into the single-family rental market.)
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