US homeowners urge mortgage overhaul

Consumers say mortgage giants Fannie Mae and Freddie Mac not doing enough to help homeowners.

    It has been four years since the US government spent $188bn to bail out two giant mortgage companies known as Fannie Mae and Freddie Mac.

    Despite the government bailout, consumers are complaining the mortgage firms are still not doing enough to help homeowners.

    In one suburb of Boston, the community is littered with abandoned houses that Freddie Mac and Fannie Mae have been unable to help.

    Al Jazeera’s Kristen Saloomey reports from Dorchester, Massachusetts.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Why is the West praising Malala, but ignoring Ahed?

    Why is the West praising Malala, but ignoring Ahed?

    Is an empowered Palestinian girl not worthy of Western feminist admiration?

    Inside the world of Chinese bitcoin mining

    Inside the world of Chinese bitcoin mining

    China is one of the main exchange markets and hosts some of the biggest bitcoin 'mining pools' in the world.

    Why some African Americans are moving to Africa

    Escaping systemic racism: Why I quit New York for Accra

    African-Americans are returning to the lands of their ancestors as life becomes precarious and dangerous in the USA.