Housing summit focuses on what went wrong

The Clarion-Ledger, 6/10/8

Dozens of people from governmental agencies and financial institutions statewide gathered Tuesday morning to discuss the state’s foreclosure woes and ways of combatting the problem.

The foreclosure summit at the state Department of Education headquarters in Jackson touched on how the state and nation got into the housing crisis and what it will take to emerge from it.

Mississippi ranks fourth nationally in the rate of seriously delinquent loans, or housing loan payments more than 90 days overdue, at 5.28 percent, said Bill Sones, president of Bank of Brookhaven.