The foreclosure crisis

Congress takes steps to reform lending

Despite some glimmers of hope in the economy, the foreclosure crisis continues. One million new foreclosures have been filed so far in 2009. Midmorning looks at efforts to reform mortgage lending practices.

Guests

• Brad Miller: U.S. Representative, D-N.C., cosponsor of the Mortgage Reform and Anti-Predatory Lending Act of 2009.
• Julia Gordon: Senior counsel for the Center For Responsible Lending.
• Paul Leonard: Vice president of government affairs with the Housing Policy Council, part of the Financial Services Roundtable.

More from MPR

• 'Short sales' a foreclosure alternative, but process can be difficult
  June 2, 2009
• Tax credit for first-time homebuyers stimulating real estate market
  May 26, 2009
• Home sales in Minn. next year predicted to lag U.S.
  May 6, 2009
• McKnight money to help foreclosure crisis
  April 28, 2009
• Education is key to preventing another foreclosure crisis
  April 26, 2009

Resources

• Mortgage Reform and Anti-Predatory Lending Act
• About Rep. Brad Miller
• Center for Responsible Lending
• Financial Services Roundtable
• HOPE NOW: Support and Guidance for Homeowners
• Making Home Affordable