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.

Guests

• 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

More from MPR

• Home sales plunge 27 percent to lowest in 15 years
  August 24, 2010
• Foreclosures on the rise again
  August 13, 2010
• Unemployment driving increase in Minnesota foreclosures
  August 12, 2010

Resources

• 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