{"62692":{"#nid":"62692","#data":{"type":"external_news","title":"Dan Immergluck quoted in \u0022California foreclosure aid fund swells, but banks hesitate\u0022","body":[{"value":"\u003Cp\u003EFederal funding for a California plan that helps borrowers facing foreclosure has snowballed to $2 billion, enough to potentially help more than 100,000 homeowners. But the program lacks formal agreements with the nation\u0027s largest banks and investors, and their cooperation is needed to make the proposed effort broadly successful... \u0022If you can\u0027t do the principal write-down, you are limited in what you can do,\u0022 said Dan Immergluck, an associate professor at the Georgia Institute of Technology, who studied the different state plans developed with the federal bailout money. \u0022It is one thing for them to agree not to write down principal when they are being asked to foot the whole bill,\u0022 he said, \u0022but when the states are agreeing to match this 50-50, it seems rather ridiculous of the servicers and the investors not to agree to this.\u0022\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"27215","created_gmt":"2010-11-11 14:39:03","changed_gmt":"2016-10-08 02:24:12","author":"Mike Alberghini","boilerplate_text":"","field_publication":"","publication":"partner institutions","field_article_url":"","publication_url":"http:\/\/www.latimes.com\/business\/la-fi-foreclosure-fund-20101110,0,5744232.story","dateline":{"date":"2010-11-10T00:00:00-05:00","iso_date":"2010-11-10T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"1221","name":"College of Design"},{"id":"1224","name":"School of City \u0026 Regional Planning"}],"categories":[],"keywords":[{"id":"6085","name":"dan immergluck"},{"id":"6087","name":"foreclosure"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}