,HOPE NOW: One Step to Resolve the Subprime Mortgage Crisis

HOPE NOW: One Step to Resolve the Subprime Mortgage Crisis


 

Publication Date: December 2007

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

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

Research Area: Banking and finance; Social conditions

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.