As part of a program to help homeowners avoid foreclosure, the federal government created a program to subsidize loan modifications by lenders. The Home Affordability Modification Program is funded by tax-payer dollars, but a new report from the non-profit journalism organization ProPublica says government oversight for the program has been ineffectual and weak.
Thurs. 10/6 at 8am: Are you having trouble paying your mortgage? Do you have friends or family who have lost their homes to foreclosure? What does the recent increase in foreclosures mean for New Mexico?
On the KUNM Call In Show this week we'll discuss foreclosures and what some organizations are doing to slow the trend. We'd like to hear from you! You can send us an email at email@example.com, or call in live during the show: 277-KUNM or toll-free 1-877-899-5866.