The foreclosure crisis

Why foreclosure help isn't working

Following the failed HOPE for Homeowners program, President Obama has introduced a new plan to give mortgage lenders incentives to lower borrowers' costs on second mortgages. A look at what works and what doesn't to prevent foreclosures.

Guests

• John Taylor: President and CEO of the National Community Reinvestment Coalition, which promotes access to loans and banking services.
• Mark Ireland: Supervising attorney, Foreclosure Relief Law Project. It's part of the Housing Preservation Project, which promotes housing and home ownership in low income communities.

More from MPR

• Education is key to preventing another foreclosure crisis
  April 26, 2009
• Las Vegas is 'Foreclosure City'
  April 23, 2009
• Commercial foreclosures a looming problem
  March 23, 2009

Resources

• About John Taylor and NCRC
• Housing Preservation Project
• HOPE for Homeowners