RENEE MONTAGNE, HOST:
NPR's business news starts with an unlikely call for assistance.
(SOUNDBITE OF MUSIC)
MONTAGNE: The federal government needs help as it tries to distribute billions of dollars to struggling homeowners in foreclosure. The money is from that recent settlement with big banks over their questionable foreclosure practices. And as the New York Times reports, it's the banks themselves that are being asked to dole out the cash to homeowners. Regulators think having the banks do it could help speed up the process. But The Times says housing advocates worry the banks will take shortcuts.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.