Most recently over the summer, as you know, the President put forward an initiative of expanded forbearance for unemployed homeowners to allow them to stay in their homes, and he began a process to deal with the excess of foreclosed properties, to help stabilize communities and home values.
Exacting a federal tax on that forgiven principal amount would de-incentivize the short sale processand essentially push distressed homeowners to walk away from properties entirely.
Strategic data targeting allowed building inspectors to prioritize properties that required immediate investigation and streamline the process for examining complaints.
They sued a set of lenders who ran a subprime scheme in which they induced homeowners to load their properties with expensive debt and allegedly reaped illegally high fees in the process.