Mortgage Meltdown Burns More Than Just Buyers

For years, lenders offered easy loans to home buyers who didn't have the best credit. Now, with mortgage rates rising and payments ballooning, many of those buyers can't afford their own houses.

GUESTS:

Jennifer Ordonez, with Newsweek magazine

Ellen Schloemer, director of Research at The Center for Responsible Lending

Comments

 

Please keep your community civil. All comments must follow the NPR.org 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.