WASHINGTON -- Conceding that its initial mortgage relief program has been less than successful, the Treasury Department on Thursday announced new rules to simplify and speed the decision-making process for struggling borrowers trying to modify the terms of their distressed mortgages.
This project is the result of a partnership between the Merced Sun-Star and the California HealthCare Foundation Center for Health Reporting. The center is an independent organization devoted to reporting about health care issues that concern Californians. It is headquartered at the University of Southern California's Annenberg School for Communication & Journalism and funded by the nonprofit, nonpartisan California HealthCare Foundation.
Therapist Elizabeth Morrison, clinical director of behavioral health at Golden Valley Health Centers, talks about the impacts of the foreclosure crisis on mental health, alerts us to the signs of stress and depression, and ponders how Merced’s foreclosure epidemic affects the community.
Local Realtor Andy Krotik has confronted gangs, vagrants and been chased out of a home by a man wielding an ax. All in a day's work as he works the foreclosure beat.
Ethelda Lopez had her dream home -- until the housing crisis turned her life into a nightmare.