Photo: #Many of the foreclosed homes in north Minneapolis are in limbo as banks and others holding the foreclosed mortgage sort out ownership and plans for sale.
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Many of the foreclosed homes in north Minneapolis are in limbo as banks and others holding the foreclosed mortgage sort out ownership and plans for sale. (MPR Photo/Dan Olson)

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Another approach on mortgages, but will it work?

Broadcast: Midmorning, 11/13/2008, 9:06 a.m.

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A new plan proposed by Fannie Mae and Freddie Mac may help reduce the loans of homeowners who are facing foreclosure, but it leaves out most borrowers with subprime loans. And treasury secretary Henry Paulson has offered no new plans for how bailout money might be used to stem the financial crisis.

Guests

  • David Cho: Reporter, Washington Post.
  • Barry Zigas: Director of housing policy for the Consumer Federation of America. He was formerly a senior vice president at Fannie Mae.
  • David Berenbaum: Executive vice president of the National Community Reinvestment Coalition.

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