
Since the American housing crisis began five years ago, policymakers have devoted the bulk of their attention to the bubble’s most visible victims, homeowners who’ve lost their houses to foreclosure, or who look like they may any day now. This group has been the subject of congressional inquiries and legal settlements and numerous election-year speeches. Just this week, California’s attorney general has been pushing Fannie Mae and Freddie Mac to forgive some of the debt owed by underwater homeowners. Considerably less attention has gone to a population deeply impacted by the housing ... Read More



