Loan Modification Program Not Measuring up in Chicago | WBEZ
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Eight Forty-Eight

Loan Modification Program Not Measuring up in Chicago

Last year President Obama authorized a federal program to help desperate homeowners decrease their mortgage payments. Now the bad news – the program doesn't appear to be working as planned. Despite the tens of billions of federal dollars available, Chicagoans have less than a 50 percent chance at securing a loan modification. That's according to a recent Chicago Reporter investigation of local loan modifications. Kimbriell Kelly is the editor of the Chicago Reporter, and she talks more about the findings.

Music Button:  The Orb, "A Beautiful Day", from the CD The Dream, (Six Degrees)

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