Mortgage crisis - what states can do

On May 29, the Brookings Institution issued a paper on what state governments can do to mitigate the impact of mortgage foreclosures. It suggests 10 actions states can take in three areas: mitigating the effect of foreclosure on borrowers, mitigating the impact of foreclosure on neighborhoods and at-risk communities, and looking forward to a rational housing policy. The paper also presents potential property recycling scenarios and model licensing standards for mortgage brokers.

Tackling the Mortgage Crisis: 10 Action Steps for State Government (pdf, 30pp/1.45MB), May 2008