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IndyMac's Model For Mass Mortgage Refinancing

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IndyMac's Model For Mass Mortgage Refinancing

Economy

IndyMac's Model For Mass Mortgage Refinancing

IndyMac's Model For Mass Mortgage Refinancing

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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.