Many of you have heard me sign the praises of NPR.
Last night I had a chance to hear the best report on why its so hard for so many homeowners to get their home mortage loan modified.
Earlier this week the Obama administration's foreclosure prevention program got its first report card.
Making Home Affordable, the program is called. And the grades were decidedly mixed. A lot of banks have been slow to help homeowners manage their monthly payments. There are a lot of reasons why that's so. But a big one brings us back to what got the economy into this mess in the first place. Mortgage-backed securities. Karen Weise from the investigative newsroom ProPublica has the story.
Friday, August 7, 2009
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