The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.
Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.
In a letter Wednesday to ranking members on the House Committee of Financial Services, Reps. Spencer Bachus, R-Ala., and Barney Frank, D-Mass., Bernanke said that inefficiencies in the foreclosure and mortgage origination processes are dragging on the economic recovery.
