Mortgage Modifications Won't Benefit Everyone

by Yuki Noguchi, NPR

With millions facing foreclosure, there's more pressure on mortgage lenders to cut deals with troubled borrowers. One of the toughest challenges is designing a system that helps the greatest number of homeowners without creating what's known as a moral hazard. That means creating a system that doesn't encourage people to stop paying their mortgage, in hopes of cutting a better deal.

Broadcast Dates

• Morning Edition, October 30, 2008