As the Trump Administration seeks deep cuts to the Consumer Financial Protection Bureau, the not-so-distant history of Atlanta’s housing market provides a window into what may be at stake.
The agency was designed in response to the foreclosure crisis that decimated neighborhoods around the country. While it may be hard to remember, given the recent growth of home prices, the Atlanta metro area was hit particularly hard.
From the mid to late 2000s, news of foreclosures dominated the headlines, with thousands of properties auctioned on courthouse steps each month.
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