Tag Archives: Some Economists Argue Anti-Foreclosure Laws Backfire

State and federal laws that set out to prevent defaulting home owners from being evicted may actually be jeopardizing the housing recovery and even extending the slump, economists told Reuters. More than 400 foreclosure laws were enacted nationwide last year, according to the National Conference of State Legislature. Many of these laws set out to help struggling home owners modify their loans and stay in their homes. But some studies show that the laws may be delaying a full housing recovery from taking hold. A study by Federal Reserve economists […]