By Joseph Santiesteban, J.D. Candidate 2013, U.C. Berkeley School of Law
Moderator Bill Falik just delivered his opening remarks, explaining in detail the nature of the mortgage crisis and potential solutions. Out of 50 million mortgages in the United States, 11 million have negative equity. In addition, 10 percent of homes in the U.S. are currently in default. Panelists in the first session will be discussing both market-based and government-based solutions to this crisis from a policy perspective.