Thousands of Americans have lost their homes after defaulting on adjustable-rate mortgages. As their monthly payments rose, they were unable to make those payments. The U.S. Congress has intervened to help, but the crisis has shaken the credit industry, slowed U.S. home sales and hurt the economy. It has also highlighted the need for financial literacy. Mike O’Sullivan has more in this Searching for Solutions report on how a Los Angeles organization called Operation Hope is giving people the skills they need to buy a home or start a business.
Good going Fred D. Smith, director of HOPE Coaliton America, who is features in this story on Operation HOPE. Read the complete story here. Pass it on. Tell us what you think.
Onward with HOPE