Prof. Cox on MPR Concerning Foreclosures

Professor Prentiss Cox was quoted in two Minnesota Public Radio news stories about the recent increase in the number of home foreclosures in Minnesota. The stories were broadcast on August 6, 2010 and August 13, 2010. Cox commented that the recent increases were not substantial enough to change the basic outlook on the foreclosure problem and urged a long-term view. He also advocated for a more assertive federal policy to create mandatory, transparent and enforceable loan modifications for distressed homeowners.