BROOKINGS EVENT: Addressing the Foreclosure Crisis: A Hamilton Project Policy Discussion
U.S. Newswire, March, 2008
To: REAL ESTATE EDITORS
Contact: Brookings Office of Communications, 1-202-797-6105
WASHINGTON, March 6 /PRNewswire-USNewswire/ -- The following is being issued by the Brookings Institution:
Addressing the Foreclosure Crisis: A Hamilton Project Policy Discussion
Friday, March 14, 2008, 11:00 a.m. - 1:00 p.m.
Falk Auditorium, The Brookings Institution, 1775 Massachusetts Avenue, NW, Washington, DC
With house prices down, many Americans now owe more on their mortgages than their homes are worth - a problem referred to as negative equity. In addition, interest rate resets on select subprime and traditional loans will result in even higher mortgage payments for many families already struggling to make ends meet. The results of these conditions...
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