Good morning. The title of this session is "Prescriptions for Housing Recovery." I wish I had such a prescription. Problems related to mortgage debt and mortgage underwriting played a central role in the recent financial crisis and resulted in a massive dislocation in the housing market. It is difficult to think of a single prescription that by itself will generate a sustainable recovery in housing. At the same time, I do see policies that I believe will help reduce the shadow inventory of houses in the foreclosure pipeline. I also see policy actions that could be taken to improve credit availability for potential ... (full story)