IndyMac's Model For Mass Mortgage Refinancing

California has lost more homes to foreclosure this year than any other state. Given the scale of the housing crisis, a lot of people are talking about a mass loan refinancing program. It could be modeled along the lines of the pilot program federal regulators are running for IndyMac, the ill-fated bank based in Pasadena.

Rachael Myrow reports for member station KQED.

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.