Defaulting on the Dream Updated Fact Sheet - Michigan
In April 2008, the Pew Center on the States released Defaulting on the Dream: States Respond to America's Foreclosure Crisis, the first-ever, comprehensive look at what all 50 states and the District of Columbia are doing to address the subprime mortgage fallout. Since that time, the mortgage crisis has escalated into an economic emergency. States have continued to aggressively respond to the housing crisis by passing legislation and implementing programs to help homeowners, limit high-cost lending and curb foreclosures. The latest set of fact sheets include updated research highlighting state action through October 2008.
Pew is no longer active in this line of work, but for more information visit the Subprime Mortgages Project on PewHealth.org.