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The Problem with Federal Mortgage Modifications

Wednesday, November 18, 2009 at 9:00 am
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When the Obama administration launched the "Making Home Affordable" program last March, it said the program would help as many as nine million homeowners stay in their homes. At this point, it has only helped about 650-thousand--and for most of them, the help is temporary and may end in a matter of months.
To make matters worse, it seems to be having only a marginal impact in Ohio.
On the Next Sound of Ideas, why the foreclosure avoidance program doesn't seem to be helping.
Wednesday morning at 9 on 90.3.