Thursday, July 31, 2008

CBS News' "The Early Show" On Philadelphia's Foreclosure Intervention Program

CBS News' The Early Show did a story this week on the Residential Mortgage Foreclosure Diversion Pilot Program recently instituted by Philadelphia, Pennsylvania.

For the video, see Philly Fights Foreclosures (The housing bill President Bush signed is designed to stabilize the weak housing market, but the city of Philadelphia is already a step ahead of the federal government).

For the transcript of the report, see Philadelphia Fighting Foreclosures Head-On (Forbidding Sale Of Foreclosed Homes; Forcing Lenders, Homeowners To Seek Compromise).