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Containing a firestorm: adaptive policies needed to address changing foreclosure landscape

Author

Listed:
  • Jeff Gatica
  • Lisa Nelson
  • Francisca Richter
  • Youngme Seo

Abstract

Like a wildfire leaving devastation in its path, the foreclosure crisis continues to wreak havoc on many families and communities throughout the Fourth District, especially in the largest urban areas. Only a year ago the primary reason for foreclosures centered on subprime mortgages. Today, the primary driver is unemployment, further widening the consumption arc of this blaze.

Suggested Citation

  • Jeff Gatica & Lisa Nelson & Francisca Richter & Youngme Seo, 2010. "Containing a firestorm: adaptive policies needed to address changing foreclosure landscape," Community Reinvestment Forum, Federal Reserve Bank of Cleveland, issue Feb.
    • Handle: RePEc:fip:fedccf:y:2010:i:feb
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    File URL: https://fraser.stlouisfed.org/scribd/?item_id=500308&filepath=/docs/historical/frbclev/crforum/frbclv_crforum_20100201.pdf
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    Keywords

    Foreclosure;

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