Which Way, L.A.?

Trying to Stabilize the Housing Crisis

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.

By Warren Olney • May 12, 2014 • 1 min read

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.

Warren Olney
former KCRW broadcaster
Christian Bordal
Managing Producer, Greater LA
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Peter Goodman
New York Times / International Business Times
Marlene
California homeowner
Mark Zandi
Moody's Analytics

News

Which Way, L.A.?

Trying to Stabilize the Housing Crisis

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.

Share

Which Way, L.A.?

Trying to Stabilize the Housing Crisis

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.

Share