Problems with the Making Home Affordable Program

June 11, 2009

NPR’s All Things Considered recently reported on the Making Home Affordable initiative signed into law by President Obama in March.  Though the plan promises to help 4-5 million homeowners, so far it has successfully modified only 17,000 mortgages.  For many Americans, applying for help through the initiative has turned out to be a confusing and complicated process.

You can listen as NPR’s Planet Money team follows the struggle of one young couple applying to the program HERE.  To see if you qualify for the Making Home Affordable plan, CLICK HERE.

If you or someone you know is facing foreclosure, contact a HUD-certified housing counseling agency to seek help.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.


Making Home Affordable

April 10, 2009

We recently gave Eric Madkins, Director of Housing and Foreclosure Intervention at the Urban League of Metropolitan St. Louis, a Flip video camera so he could record his opinions on the new Making Home Affordable plan.  In this video, Mr. Madkins explains what the plan is trying to do, and he talks about how the plan may help homeowners.

For more information about Making Home Affordable, CLICK HERE.

To watch the video of Eric Madkins, click on the picture below: