© 2024 KMUW
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Foreclosure Agents Profit from Housing Crisis

Two million adjustable rate mortgages are scheduled to reset to higher rates later this year, making monthly payments unaffordable for many homeowners. While it has been a hard time for homeowners, foreclosure agents, who buy homes that have been seized by lenders for resale, are profiting. Glen Daniels, a director at Foreclosure.com, speaks with Renee Montagne.

Copyright 2023 NPR. To see more, visit https://www.npr.org.