This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities.
The editors draw together the assessments included in this book to prescribe a plan of action that lays out what must be done to make homeownership policy both effective and equitable.
... default negotiation, debtor protections ought, other things being equal, to increase the default rate. By reducing ... equity appropriation, because many of the protections are specifically aimed at that danger (banning deficiency ...
The authors argue that, despite the downturn in the real estate market and the economy in general, affordable lending to home buyers can continue without all the risk-taking that led to the problems in the first place. Original.