Abstract
The government has been asked to limit mortgage lending activity, to force the mortgage industry to modify existing loans, and to take an active roll in direct mortgage lending and loan servicing. Investors may lose confidence in the future of the subprime mortgage market and refuse to invest more money into mortgage bond investments. What the Federal Government can do is facilitate an industry led moratorium on foreclosures by creating an environment favorable to mortgage companies who choose to hold all foreclosures until economic conditions improve.
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