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Obama's loan modification program
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AirTalk Tile 2024
Mar 26, 2010
Listen 22:38
Obama's loan modification program
To bolster its effort to reduce foreclosures, today the Obama administration announced new changes to its Home Affordable Modification Program. The proposed measures include allowing unemployed homeowners a three-month break in payments and giving lenders incentives to reduce the principal on delinquent loans. Will the new plan help to keep home foreclosures down?
Weeds grow in the driveway of a foreclosed home on May 7, 2009 in Antioch, California.
Weeds grow in the driveway of a foreclosed home on May 7, 2009 in Antioch, California.
(
Justin Sullivan/Getty Images
)

To bolster its effort to reduce foreclosures, today the Obama administration announced new changes to its Home Affordable Modification Program. The proposed measures include allowing unemployed homeowners a three-month break in payments and giving lenders incentives to reduce the principal on delinquent loans. Will the new plan help to keep home foreclosures down?

To bolster its effort to reduce foreclosures, today the Obama administration announced new changes to its Home Affordable Modification Program. The proposed measures include allowing unemployed homeowners a three-month break in payments and giving lenders incentives to reduce the principal on delinquent loans. Will the new plan help to keep home foreclosures down?

Guest:

Richard Green, Director, USC Lusk Center for Real Estate

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Host, AirTalk
Host, Morning Edition, AirTalk Friday, The L.A. Report Morning Edition
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Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
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