Community Forum - The Foreclosure Crisis

Almost 19,000 Chicago families lost their homes in 2008 because of the mortgage crisis. And the experts predict that it's going to get even worse this year. In fact, almost 30,000 homes could be foreclosed this year alone. We now understand that the problem is more than just people not being able to pay their mortgage. It has a lot to do with the kinds of mortgages that were being offered, and the consumers' lack of understanding about what they were signing. On this edition of Community Forum host Ken Davis talks with the National Training and Information Center about an influential study they recently completed on Chicago's mortgage crisis, and with Neighborhood Housing Services, an organization that helps people with troubled mortgages find practical solutions.The program was produced by Chicago Access Network Television

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Entertainment

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• news
• foreclosure crisis