Bank Of America Deal Would Turn Owners To Renters

by Chris Arnold, NPR

Bank of America is reaching out to some distressed homeowners with a deal. They can stay in their homes, but as tenants. They would need to turn over the deed to the bank. Bank of America says it will help avoid foreclosures, but housing advocates don't like the plan.

Broadcast Dates

• All Things Considered, March 23, 2012