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.
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: