Marketplace Scratch Pad

Housing plan coming together

Scott Jagow Feb 12, 2009

Stocks are having a late rally because of this news from Reuters. The story says the President is working on a new program for homeowners that is quite different than anything we’ve seen. Under the plan, mortgage companies would use a “standardized test” to determine the borrower’s situation even before they become delinquent. And the “before” part is the critical difference. If the homeowner qualified, they’d be able to restructure their loan and hopefully avoid late payments, not to mention foreclosure.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.