This month, the U.S. Congressional Oversight Panel released a new report that looks at how effective goverment efforts have been at stemming the tide of foreclosures. It questions whether the U.S. Treasury’s strategies will lead to permanent mortgage modifications for many homeowners, and expresses concern about the limited scope and scale of the Making Home Affordable program.
We talk with the chair of the panel, Elizabeth Warren, and Brian Murphy, who knows from first-hand experience the difficulties of modifying a home loan .
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!