Reporter Chris Arnold visits a foreclosure prevention event to find out the painful truth about the mortgage crisis: 90% of foreclosures are being enforced by servicing companies not because it helps the banks to foreclose, and not because home owners aren't interested in renegotiating their loan terms, but because there's just no system in place to handle the sheer volume of loans that need help. (20 minutes)
More in Economics
Act Four: Let’s Do the Numbers
One of the things we were excited to investigate when we went to Alabama was to answer the question at the heart of the immigration debate: what does it cost taxpayers when we let in millions of immigrants, documented and undocumented? In Albertville, how much was it? We asked economist Kim Rueben and her colleague Erin Huffer to run the numbers.
Act Three: Aw, Do We NAFTA?
Ira explains that when Donald Trump, Bernie Sanders and Hillary Clinton all seemed to be against free trade agreements, he got genuinely confused.
Act Eight
The last day of the month continues and the truism is accurate: some people get great deals because it’s the end of the month and they have to hit their goal.
Staff Recommendations
Harper High School - Part One
We spent five months at a high school in Chicago where in the last year 29 current and recent students were shot.
Harper High School - Part Two
Part two of our program on Harper High School in Chicago, where in the last year 29 current and recent students were shot.