Fifteen million Americans are “underwater,” meaning they owe more on their mortgages than their homes are worth. The Obama Administration has $75 billion for a program called Making Home Affordable, but there’s widespread agreement that it’s a failure that could be making things worse.
Trying to Stabilize the Housing Crisis
Credits
Guests:
- Peter Goodman - New York Times / International Business Times - @petersgoodman
- Marlene - California homeowner
- Mark Zandi - Moody's Analytics - @dismalscientist
- Kent Smetters - Professor of Insurance and Risk Management, University of Pennsylvania's Wharton School of Business