Out of a potential 3.4 million homeowners, only 169,000 have been approved for permanent loan modifications. We sat down with ProPublica reporter Paul Kiel to find out why the approval process is taking so long for so many Americans. We also spoke with one of the homeowners Kiel has reported on, Deb Franklin, who shares her experience of trying to obtain a loan mod.
Stories discussed on this show:
Have you applied for a loan modification under the Obama administration's Making Home Affordable program? Are you thinking about it? If so, we at ProPublica want to hear your story.