Lenders offer a pause in foreclosures, but will it help?
The Bush administration has offered a hold on foreclosures to stem the widening housing crisis, with the help of several major lenders, including Wells Fargo. But the latest figures from 2007 show foreclosures in major urban areas increased nearly 80 percent last year, and local foreclosures continue to rise.
- Peter Coy: Editor at Business Week.
- Alexa Milton: Midwest regional director for ACORN Housing Corporation.
- Jeff Crump: Associate professor in the Department of Design, Housing, and Apparel at the University of Minnesota. He studies foreclosure rates in the Twin Cities area.
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