Mortgage and Housing Market Rescue Legislation, Day 1
In the first day of the hearing, federal regulators, academics, and economists testified about draft legislation of the…
The House Financial Services Committee held a hearing on draft legislation of the economic, mortgage and housing rescue plan announced the… read more
Mortgage and Housing Market Rescue Legislation, Day 2 The House Financial Services Committee held a hearing on draft legislation of the economic, mortgage and housing rescue plan announced the previous week. On the second day of the hearing, a governor and mayors testified about the effect of the mortgage crisis on their states and cities. They discussed local efforts that they are making to help homeowners facing foreclosure, how foreclosures destroy the neighborhoods in their cities, and the need for financial counseling. Then representatives from community groups who are trying to assist in the crisis testified. close
In the first day of the hearing, federal regulators, academics, and economists testified about draft legislation of the…
Mortgage industry officials testified about plans to address and prevent mortgage foreclosures and allow some…
Mortgage industry leaders talked about the outlook for the U.S. housing market and the potential impact on financial…
A panel of mortgage and housing experts discussed the subprime mortgage market crisis. They also answered questions from the mayors…