University of Southern California

Green Discusses Banks' Efforts to Minimize Foreclosures

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October 21, 2009

The Los Angeles Times quoted Professor Richard Green on how banks are responding to government pressure to scale back repossessions of troubled properties. "I don't think people are saying it to each other, but they're seeing it's in nobody's interest to have mass foreclosures," said Green, director of the USC Lusk Center for Real Estate.