A Realistic Fix for the Mortgage Crisis | Truthout
One reason the mortgage industry hasn't done more, its leaders say, is that it fears creating a "moral hazard" — the concept being that if homeowners in default are given too much help, other homeowners might be tempted to deliberately default in order get the same help. That hasn't been the experience of Boston Community Capital, a 27-year-old nonprofit, community development finance institution I've led for 14 years.
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