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HOPE NOW: One Step to Resolve the Subprime Mortgage Crisis

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Publication Date: December 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David C. John; Alison Acosta Fraser

Series: WebMemo

Topic: Banking and finance (Credit and loans)
Social conditions (Housing)

Keywords: Regulation; housing; mortgage; subprime

Type: Brief

Coverage: United States

Abstract:

Treasury Secretary Henry Paulson's "HOPE NOW" is a far better way to deal with the hundreds of billions of dollars worth of subprime mortgages than heavy-handed legislation.