With help from the federal government, the Neighborhood Assistance Corporation of America is traveling the country to help people who desperately need to modify their mortgages. Jeff Tyler reports.
Mortgage holders who have been turned down for loan modifications can at least take solace in a bit of clarity. Starting today, the Treasury will require financial institutions to say why they reject requests. Danielle Karson reports.
The White House is considering injecting $35 billion into state and local housing programs. Why? Housing economist Nicolas Retsinas talks with Kai Ryssdal.
Dubious mortgage-modification firms like 21st Century Legal Services help homeowners renegotiate their mortgages, but only in exchange for big upfront fees. Steve Henn reports on how these companies rip off desperate homeowners, then disappear.
NYU Professor Lawrence J. White talks with Kai Ryssdal about the bailout of Fannie Mae and Freddie Mac, why the government plunged so much money into them, and how it can unwind from the mortgage giants.
The prices for real estate in New York City are unbelievably high, and new restrictions are making it tougher than ever for even those with good credit to get a mortgage — especially for an apartment. Sally Herships reports.
