Everyone knows the mortgage market is in crisis - and that it's dragging down the rest of the economy. But what caused it? How can we get out of it? And how can homeowners - and potential buyers - in Minnesota protect themselves? Host Steve Seel talked with guests Richard Todd (from the Federal Reserve) and Star Tribune personal finance writer Kara McGuire about the current mortgage situation and what consumers need to know about it.
- Kara McGuire
- Richard Todd
- Tough economy, crackdowns lead to drop in mortgage brokers Abuses from the subprime lending era prompted the state of Minnesota to toughen state licensing standards.