Underwater: Washington's Role in Keeping American Homeowners Afloat
With 10.7 million, or 22.1 percent, of all residential properties in negative equity at the end of September 2011, according to CoreLogic, is the debate in Washington on the right course to help homeowners struggling with affordability problems and homes worth less than their mortgage?
U.S. Department of Housing and Urban Development Secretary Shaun Donovan, Federal Housing Finance Agency Acting Director Edward DeMarco, Senator Johnny Isakson (R-GA) and Senator Jeff Merkley (D-OR) joined National Journal to discuss principal reduction initiatives, foreclosure prevention programs, and other strategies to address high foreclosure rates and how best to restore the health of the housing markets.
Featured Speakers
Ron Fournier
Editor In Chief, National Journal
Kristin Roberts
Managing Editor, Budget and Economy, National Journal
Edward DeMarco
Acting Director, Federal Housing Finance Agency
The Honorable Shaun Donovan
Secretary, U.S. Department of Housing and Urban Development
The Honorable Johnny Isakson
Member, U.S. Senate (R-GA)
The Honorable Jeff Merkley
Member, U.S. Senate (D-OR)

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