On Friday, March 14, The Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem. Former U.S. Treasury Secretary Robert E. Rubin gave welcoming remarks followed by former U.S. Treasury Secretary Lawrence H. Summers, who provided an overview of the mortgage landscape and its broader economic implications. A roundtable discussion, including Michigan Law School Professor Michael S. Barr, Brookings Senior Fellow Douglas W. Elmendorf, JPMorgan Chase Senior Vice President Marguerite E. Sheehan, and NeighborWorks America CEO Kenneth D. Wade evaluated several specific proposals for ameliorating the mortgage-foreclosure problem and proposed next steps for consideration.
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