PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Thursday, October 13, 2011

Banks Ramp Up Foreclosure Process Again

Lenders have begun to increase the number of loan default notices to homeowners even as sales of re-possessed homes slow, signaling that banks are moving more aggressively again to re-possess homes from owners who are behind in payments.

Foreclosure activity had been dampened by charges of faulty practices in the lending industry resulting in improper and illegal foreclosures.

This increase in foreclosures comes as judges in many states remain skeptical about the process and while banks remain in talks with state attorneys general and the federal government about a settlement over wrongful foreclosures.

Reporter Paul Kiel has been investigating how poor procedures on the part of lenders remain unchanged, and why every Obama Administration program to help troubled homeowners has failed.

Kiel says “people have the idea that these are the homeowners who were borrowing in 2006 to benefit from the market, but in fact, this new round of foreclosures is hitting people who have lost their jobs in the last two years.”

Guest:


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

April 28 15 Comments

Men Read Mean Tweets At Women And The Video Goes Viral

Two Chicago-area sports journalists gathered the tweets directed at them and asked men to read them to their faces. The result went viral.

April 28 7 Comments

HBO's CEO On Virtual Reality And ‘Sesame Street’

In the second part of our interview with Richard Plepler, he discusses why the premium cable network picked up "Sesame Street."

April 28 Comment

Gloria Estefan Reflects On Her Life Story In ‘On Your Feet!’

Here & Now's Jeremy Hobson catches up with the Cuban-born American singer backstage after a performance.

April 27 26 Comments

Economist: NAFTA Benefits Economy Despite Job Losses

Gordon Hanson explains his research on the effects of the North American Free Trade Agreement and why he still supports it.