'Marketplace' Report: Subprime Help Citigroup and Bank of America have pledged $1 billion in mortgage financing to help subprime borrowers who are facing the loss of their homes. Congressional Democrats have also announced a plan to direct hundreds of millions of federal dollars to nonprofit groups to help subsidize borrowers' troubled loans.

'Marketplace' Report: Subprime Help

'Marketplace' Report: Subprime Help

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Citigroup and Bank of America have pledged $1 billion of mortgage financing to help subprime borrowers who are facing the loss of their homes. Congressional Democrats have also announced a plan to direct hundreds of millions of federal dollars to nonprofit groups to help subsidize borrowers' troubled loans. Marketplace's Bob Moon talks with Alex Cohen.