Bankruptcy Relief for Homeowners at Risk of Foreclosure – Joe Keefe, President and CEO Pax World

Bankruptcy Relief for Homeowners at Risk of Foreclosure

The United States Senate will likely take up a housing bill next week. The so-called "cram-down" provision – allowing bankruptcy courts to restructure mortgages, including reducing the principal – should be embraced as a relatively simple, tax-free and absolutely essential component.

Since 1971, when my company launched the nation's first socially responsible mutual fund, investors have increasingly embraced the notion that corporations and markets will produce better environmental, social and financial outcomes if they...

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