Watch Out! The Second Wave of the Foreclosure Crisis

Because of joblessness and healthcare costs, homeowners are starting to fall behind on payments

Tuesday, June 16, 2009

The foreclosure crisis is not just about subprime mortgages anymore. Because of job losses and rising health care costs, homeowners who were once able to keep up with their payments are beginning to fall behind. Shannon Riggs, a homeowner from Norfolk, Virginia, who almost lost her home after her husband lost his job, tells The Takeaway her story. And Anya Kamenetz, Staff Writer for Fast Company magazine and author of “Generation Debt,” will look at what options homeowners have, and how the Obama administration can better address the problem.

"Let's not forget, foreclosures don't just affect the homeowner, they affect your neighbors they affect property values for entire cities."
— Anya Kamenetz of Fast Company magazine on foreclosures

Guests:

Anya Kamenetz

Hosted by:

Femi Oke

Contributors:

Nadia Zonis

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