http://www.socalmortgagecrisis.com People. Connections. Resources. Sun, 13 Sep 2009 06:31:14 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 http://www.socalmortgagecrisis.com/2009/06/npr-spot-on-housing-crisis/ http://www.socalmortgagecrisis.com/2009/06/npr-spot-on-housing-crisis/#comments Fri, 12 Jun 2009 04:18:45 +0000 admin http://www.socalmortgagecrisis.com/?p=33 KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 5 minutes).

Click the arrow below to play.


MORTGAGE MODIFICATION
91.9 KVCR – June 5, 2009
By Anthea Raymond
The Inland Empire has been hit HARD by the mortgage crisis. Interest rates have reset on many loans. Unemployment in the region has hit record highs, with more hikes projected. Job losses have set off a second wave of foreclosures—job loss makes it more likely someone won’t be able to hold on to their home. But what about those who want to keep their properties until their value bounces back? Modification is one option — one that’s encouraged by the Obama administration’s new Making Homes Affordable law. Reporter Anthea Raymond talked to two experts and filed this report.

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