The Housing Problem Isn’t Getting Better —Maybe it’s Time for Scary Thinking

December 6, 2011

Mortgage banking executive Jerry Selitto, CEO and President of PHH Corporation, questions the approaches currently being taken towards the problems in the housing market.

He published an opinion piece, “The Housing Problem Isn’t Getting Better —Maybe it’s Time for Scary Thinking,” in which he suggests thinking outside the box for solutions.

“Sometimes, when nothing else is working, you have to try something that had previously been simply unthinkable,” wrote Selitto in his editorial.He presents bold ideas for starting over with a new beginning, including government new programs to help distressed homeowners.

Read his thoughts here. Do you agree or disagree?