Will Mortgage Plan Help Banks And Homeowners?
President Obama has laid out his plan for reducing foreclosures. His plan aims to help struggling homeowners restructure or refinance their mortgages.
Mark Zandi, chief economy for Moody's Economy.com, tells us which homeowners may benefit from the plan, and about the incentives offered to some lenders.
Copyright 2023 NPR. To see more, visit https://www.npr.org.