The Democratic front-runner for governor has unveiled a new plan he says would take New Jersey from first in the nation in foreclosures to near first in the nation for affordable housing, courtesy of Wall Street's banks. New Jersey leads the nation in defaulted mortgages, with some 1.9 percent of housing units in New Jersey in some stage of foreclosure — nearly triple the national rate of 0.7 percent, according to ATTOM Data Solutions.
