New Oak Capital View: Proposal for Sharing Risk Between Homeowners & Government
November 3, 2008 Government guarantees of non-performing mortgages to be modified requiring borrowers’ giving up equity participation (Government Equity Modification (GEM) is one of the most viable and timely answers to the current mortgage credit crisis. Continued weakening in consumer confidence has halted consumer spending, accelerating contraction in corporate spending and will lead to downsizing.
The [...]
