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Obama's Plan to Fight Foreclosures

This article is more than 12 years old.

President Barack Obama wants to spend $75 billion to prevent 9-million Americans from losing their homes. He unveiled his plan at a Phoenix, Arizona high school today. It calls for helping homeowners who are underwater, whose homes are now worth less than their mortgages, and those in danger of foreclosure. We hear from David Leonhardt, economics columnist for "The New York Times;" Bruce Marks, CEO and founder of the Neighborhood Assistance Corporation of America; and Marc Charney, a real estate agent from the Boston area.

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