Federal Plan to Freeze Mortgage Rates—Will It Help California’s Foreclosure Crisis?

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Last week, Governor Schwarzenegger made a deal with four lenders to temporarily freeze monthly payments after interest rates rise on some sub-prime mortgates.  Tomorrow, President Bush is expected to announce a similar program.  

Credits

Guest:
Stuart Gabriel - UCLA's Ziman Center for Real Estate - @uclaanderson

Host:
Warren Olney

Producers:
Karen Radziner, Christian Bordal