Recovered from FSRN’s earlier site via the Internet Archive Wayback Machine. The audio here is FSRN’s own production recording. Originally published July 23, 2009.
Earlier this year, the Obama administration announced a new aspect of the Making Home Affordable program. It was a loan modification program intended to reduce monthly mortgage payments for homeowners slipping towards foreclosure. But the program´s not working according to lawyers and consumer protection experts who testified before lawmakers on Capitol Hill. Housing advocates say a better solution is for primary home mortgages to be modified in bankruptcy court. FSRN´s Karen Miller has more.
