How's foreclosure recovery looking -- and where are the pain points?

  • Preventing foreclosures requires: accessibility, transparency, accountability, affordability and sustainability, according to a new government white paper.

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The U.S. Treasury, HUD (Department of Housing and Urban Development) and FHFA (Federal Housing Finance Agency) have combined to write a new “white paper” on foreclosure prevention — it was released on Monday. Much as I hope that its conclusions will not have to be used in large numbers any time soon, it is by far the best foreclosure work to come out of the government during or since the late Bubble.