Columbia Business School Professor Chris Mayer discusses his outlook for the housing crisis in 2009 and argues that the best way to curb foreclosures is to provide servicers of securitized mortgages with financial incentives and remove the legal barriers to loan modification. "There is no alternative to acting now," Mayer says. "As a country, we need to stand up and say enough is enough." Learn more at http://www4.gsb.columbia.edu/realestate/research/housingcrisis
Stop the Foreclosures, Stop the Crisis A Conversation with P
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