Adam Meister wants to see the blight of foreclosures erased from his Baltimore neighborhood. He’s just not sure the latest federal rescue program is using the right tools.
Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold.
The New York Times reported last week that the Obama administration was considering a proposal to “allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent.”
"Lenders have become much more uptight, and this is a big problem for the person who wants to buy a starter home."
- Paul Willen on Jul 16, 2014