U.S. Warns Lenders On Mortgage Foreclosures

by Chris Arnold, NPR

The Obama administration said Monday it is stepping up pressure on the banking industry to prevent foreclosures. The Treasury Department says it could levy fines on companies that aren't doing enough. The move is an attempt to push the banks to do a better job of implementing the administration's plan to lower payments for homeowners who are in trouble.

Broadcast Dates

• All Things Considered, November 30, 2009