Dealing with the debt

Will 2013 be the year when we finally start to deal decisively with our mortgage debt problem? Certainly, the signs are that things are finally beginning to change.

The policy of "forbearance" followed by the banks since 2010 was necessary and welcome, but it was never going to be enough. Some mortgage borrowers will simply never be able to pay back all they owe, and we somehow have to find an approach to ...