Commentary: Down-payment protection could help housing market

01/25/2012 | New York Times (tiered subscription model), The

James A. Wilcox, an economist and business professor, argues that a down-payment protection plan could restore confidence in the housing market. "Having the government offer not just mortgage insurance to protect lenders, but also down-payment protection for homebuyers, could increase demand," Mr. Wilcox writes. "A stronger housing sector in turn improves business for those who provide related services and products, which would create more jobs."

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