Penn State law professor sheds light on foreclosure crisis (w/ Video)
Tuesday, December 21, 2010 - 16:10
in Health & Medicine
(PhysOrg.com) -- Penn State Law Professor Marie Reilly, a bankruptcy and banking law expert, worries that the backlash over the current foreclosure crisis may be the "medicine that kills the patient." Laws and regulations developed more than a century ago that require paper documentation continue to govern a process which is now electronic and involves a complex system of lenders and servicers. She discusses the origins of the current problem and what effect they may have on the economy.