May 13
Even as the House of Representatives passed two housing rescue
bills and the Senate wrestles over a bill of its own,
criticism is raining down on those remedies to the
housing crisis that are already in place.
There are so many piecemeal plans operating such as Hope Now, Project
Lifeline and FHA Secure that it is hard to make any blanket assessment of
performance, but a few initiatives stand out.
Also under fire, not unexpectedly, are proposed new rules for
regulating the mortgage industry…