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Special Report: A "great haircut" to kick-start growth

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A vacant home for sale is pictured in Yonkers, New York, October 26, 2010. REUTERS/Mike Segar

A vacant home for sale is pictured in Yonkers, New York, October 26, 2010. REUTERS/Mike Segar

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Donald Bonner, who has been delinquent on his mortgage payments for three to four months, speaks with a mortgage specialist at a JPMorgan Chase foreclosure consultation event in New York, March 31, 2011. REUTERS/Shannon Stapleton

Donald Bonner, who has been delinquent on his mortgage payments for three to four months, speaks with a mortgage specialist at a JPMorgan Chase foreclosure consultation event in New York, March 31, 2011. REUTERS/Shannon Stapleton

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A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011. REUTERS/Joshua Lott

A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011. REUTERS/Joshua Lott

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A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, in this file photo taken March 31, 2011. REUTERS/Shannon Stapleton

A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, in this file photo taken March 31, 2011. REUTERS/Shannon Stapleton

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A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, March 31, 2011. REUTERS/Shannon Stapleton

A mortgage specialist speaks with a client at a JPMorgan Chase foreclosure consultation event in New York, March 31, 2011. REUTERS/Shannon Stapleton

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