Dec 4th, 2008 · The British government has launched a new scheme to allow homeowners up to two years deferral on mortgage payments to prevent an increase in foreclosures. It is seen as a pre-election move by Prime Minister Gordon Brown to show that he cares about "Middle Britain."
Dec 4th, 2008 · The Treasury is considering a plan to help people in foreclosure trouble. They may urge banks to give new mortgages at lower rates in an effort to keep people in their homes. Wall Street Journal reporter Deborah Solomon discusses the proposal.
Dec 3rd, 2008 · The financial crisis has battered the state of Michigan with high unemployment and rampant foreclosures. And the state's lifeblood — the auto industry — is in trouble. Michigan Gov. Jennifer Granholm discusses how the state is coping with the tough economy.
Dec 3rd, 2008 · Homeowners associations across the country are being hit hard by the foreclosure crisis. Millions of dollars worth of monthly dues are going unpaid. Neighbors are left to pick up the tab — if they can.
Nov 28th, 2008 · With the rise in foreclosures, many people are going back to an old-fashioned way to save on housing: sharing. One newly married couple decided to try the measure after one spouse was laid off. Vermont Public Radio's Nina Keck reports.
Nov 27th, 2008 · For someone facing foreclosure, an attorney can make all the difference. Everyone accused of a criminal offense is entitled to a lawyer, regardless of whether they can afford one. But in civil cases, like home foreclosures, there is no right to an attorney. Some people of modest means are being kicked out of their homes who might have been able to stay if they'd had legal help.
Nov 27th, 2008 · Half of all poor people seeking help to stave off foreclosures "are being turned away at the door," an official with the National Legal Aid & Defender Association estimates. The programs, which offer free or low-cost counsel, don't have enough staff to meet demand.
Nov 25th, 2008 · Yesterday, President-elect Barack Obama announced his top economic appointments, including Timothy Geithner as Treasury Secretary. The highly anticipated unveiling came as America faces a number of economic woes, including home foreclosures, massive layoffs and Wall Street turmoil. Money coach Alvin Hall and NPR's David Kestenbaum discuss deflation, Obama's stimulus and its impact on Main Street.