Cracks in the Foundation of Federal Law: Ameliorating the Ongoing Mortgage Foreclosure Crisis through Broader Predatory Lending Relief and Deterrence

The ongoing U.S. mortgage foreclosure crisis worsened significantly in 2008 and the first half of 2009. At the end of September 2009, a record 14.4 percent of mortgage borrowers were either in foreclosure or delinquent on their mortgages. The Congressional Budget Office (CBO) estimated that 2.2 million homeowners with subprime and Alt-A mortgages, the categories […]