For the next housing crisis, lessons from the last one

foreclosures

By Lisa Ward | Realtor.com

Could a new study ease the next housing crisis?

When the housing bubble burst in 2008, federal policy makers thought they could limit the economic damage by helping to reduce amounts of principal owed on many mortgages, thus preventing foreclosures—especially for the millions of people who saw the value of their homes fall below the value of their mortgages.

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