Federal foreclosure aid disappoints many
Foreclosures are still plaguing the United States real estate market -- as many as 2.8 million foreclosures are predicted nationally for this year. The government's Home Affordable Modification Program (HAMP) is designed to help consumers facing foreclosure -- but critics say HAMP is poorly managed and needs to do better in order to meet the growing number of troubled mortgages.
- Michael Hudson: Reporter for the Center for Public Integrity and author of "The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis"
- Julie Gugin: Executive Director, Minnesota Home Ownership Society
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- About Michael Hudson
- Hudson's "Whistleblower: Fannie Mae Bungled HAMP Anti-Foreclosure Program"
- The Minnesota Home Ownership Society
- "Look Before You Leap" mortgage fraud education