Housing Reform Needed To Help Poor Americans, Says HUD Secretary

HUD Secretary Shaun Donovan says Congress should work on passing comprehensive housing reform that would offer more low-income American families a chance of renting or owning homes. (0:26)
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[sam]

This entire forclosure mess could have been avoided if banks or holders of the debt were forced to adjust and modify payments to suit the needs of the homeowner. I think this will now be law in CA, not really sure. The debt holders should then be able to get tax credits for helping the homeowners. Insane CEO pay must also stop ! The top brass must not be allowed to have millions in pay while workers in banks get 8.00 an hour and have to use social programs to survive !