The Bush administration has announced new plans to modify mortgage loans to prevent more foreclosures. Governor Arnold Schwarzenegger has also floated similar plans. We discuss what such proposals would mean for homeowners in California.
House Rules
The Bush administration has announced new plans to modify mortgage loans to prevent more foreclosures. Governor Arnold Schwarzenegger has also floated similar plans. We discuss what such proposals would mean for homeowners in California.
Guests:
Jim Wasserman, senior business writer for the Sacramento Bee
Preston Dufauchard, commissioner of the California Department of Corporations
Sheri Powers, director of the Home Ownership Center
Cynthia Kroll, senior regional economist at the Fisher Center for Real Estate and Urban Economics at UC Berkeley's Haas School of Business