Feb. 27, 2015   14°F   School Closings
Listen Live WCPN / WCLV
Mission 4
Values 1
Values 2
Values 3
Vision 3
Vision 4
Vision 5
Values 4
Values 5
Values 6
Vision 1
Vision 2

Choose a station:

90.3 WCPN
WCLV 104.9

Choose a station:

90.3 WCPN
WCLV 104.9
The Sound of Ideas

The Problem with Federal Mortgage Modifications

Posted Wednesday, November 18, 2009

Share on Facebook Share Share on Twitter Tweet

When the Obama administration launched the "Making Home Affordable" program last March, it said the program would help as many as nine million homeowners stay in their homes. At this point, it has only helped about 650-thousand--and for most of them, the help is temporary and may end in a matter of months. To make matters worse, it seems to be having only a marginal impact in Ohio. On the Next Sound of Ideas, why the foreclosure avoidance program doesn't seem to be helping. Wednesday morning at 9 on 90.3.


Economy, Facing the Mortgage Crisis, Regional Economy/Business - Analysis and Trends, Government/Politics


Paul Bellamy Director, Cuyahoga County Foreclosure Prevention Program
Robert Ruckstuhl Performing Investments Corporation
Mark Seifert Executive Director, Empowering and Strengthening Ohio's People (ESOP)

Additional Information

ESOP was featured on Families in Foreclosure on Nightline ABC News
More Foreclosures to Come, New York Times editorial
**It’s been a tough year for many in Northeast Ohio. As part of the ongoing Facing the Mortgage Crisis project, WVIZ/PBS has organized a live phone bank, hosted by ideastream’s Rick Jackson, in the ideastream studios from 8-10pm on Thursday, November 19 during a special block of programming. Representatives from several area community organizations dealing with mortgage, foreclosure, and unemployment have teamed up with ideastream and will be on hand to take calls and offer information and guidance on where to turn for help.**

Leave a Comment

Please follow our community discussion rules when composing your comments.

Sarah 9:58 AM 11/18/09

I frined of mine tried to refi with this program and was told that she has to be delinquent before she can qualify, is that true?

Mark Seifert 3:57 PM 11/18/09

That is not true. While it was not discussed much on the show this morning, in addition to HAMP (Home Affordable Modification Program) there is HARP (Home Affordable Refinance Program). HARP is specifically designed for homeowners who are not behind on their mortgage but are unable to refinance because of tightened credit standards and/or because they have very little equity (or might even have negative equity) in their home. Like HAMP, however, borrowers are strongly encouraged to seek out a HUD certified housing counselor.


Live Video Stream

Watch the Sound of Ideas live

Watch the Sound of Ideas during the broadcast - view now! Live video stream available during normal broadcast, Mon-Fri, 9-10 AM (EST).


Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

Interact with The Sound of Ideas

During the show: 216-578-0903 or 866-578-0903
Last Word line: 216-916-6397 or email
Show ideas & comments? Contact Us.

Twitter: @soundofideas


Recently Featured all entries

Air Dates

90.3 WCPN
Weekdays 9:00 AM

The Ohio Channel
Weekdays 9:00 AM

Funding for Ideas & The Sound of Ideas

Funding for Ideas/Sound of Ideas comes from The George Gund Foundation, The Cleveland Foundation, Eaton, the George W. Codrington Charitable Foundation, The Robert O. and Annamae Orr Family Foundation, and the Nord Family Foundation.