Feds should use inventive method to restructure home debt

Prasad Krishnamurthy writes for The Oakland Tribune, My Word, January 16, 2013

The Obama administration has promised to take bold steps to help distressed homeowners. The administration would do well to modify a play from the private sector playbook. Companies like Ocwen have refinanced underwater mortgages by writing off debt in exchange for a share of the equity if the price of the home rebounds.