In Connecticut, 26,510 foreclosure cases were filed in the 2010 fiscal year, according to the state’s judicial branch. In the fiscal year of 2009, there were 24,973 homes in a similar situation.
“Obviously, the foreclosure mitigation programs do not work very well,” Frank said. “Probably it’s because we missed the opportunity to write them in [the Dodd-Frank legislation], and secondly because the ideological opposition on the part of the Republicans.”
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