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Most important, our plan would help stabilize housing prices.
It also could help to stabilize housing prices by encouraging them to stay in their homes.
"It's a disgrace when the process meant to stabilize housing is turned into a political circus," said Andrew Hoffman, president of Community Housing Improvement Program, a landlord group.
"It is the key responsibility of all levels of governments to stabilize housing prices and to guarantee availability of housing," he said.
The stock market rose again last week on hopes that the Federal Reserve would cut short-term interest rates and that a government rescue plan for subprime mortgage borrowers would stabilize housing and bolster the earnings of lenders.
"If this evolves from a pilot into a more broadly based program, we also see potential benefits from helping to stabilize housing prices in the surrounding community and curtail neighborhood blight by keeping a portion of distressed properties off the market".
Similar(43)
Treasury can either hold them, which does nothing to stabilize house prices, or try, through its contractors, to modify mortgages to make them affordable for homeowners.
At the same time Treasury would reduce mortgage foreclosures, help stabilize house prices, and thereby significantly contribute to an economic recovery.
Taken together, preventing and postponing foreclosures would help stabilize house prices in the near term and thus reduce the threat that foreclosures pose to the nascent economic recovery.
In addition to removing the threat that Fannie and Freddie would default on their debts, it would enable the government to expand their lending activities and help stabilize house prices.
It is often argued that we need to stabilize house prices.
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