Prosecutors Pressure Lenders as Foreclosures Soar

Foreclosures in the U.S. are at their highest levels in 50 years. That's in part because of subprime loans that are adjusting to very high interest rates.

President Bush and members of Congress have appealed to the mortgage industry to lower rates, and the industry says it is working with struggling homeowners. But housing advocates say the response has been paltry.

Now, the top prosecutors in 37 states are putting more direct pressure on lenders.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.