According to the Worcester News Telegram, responsibility for tackling the foreclosure crisis filters down to all levels of government. Senator Elizabeth Warren, D-Mass., voiced her support for municipalities stepping in to deal with issues stemming from record defaults.

"The idea that the only two parties who have an interest in foreclosures are the bank that holds the mortgage and the family that's about to lose the home is just wrong," Warren said. "There's a much larger interest there."