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California Lending

As the troubles in the U.S. housing market continue, even Americans with good credit -- like Devon and Stacey Wilson -- face major hurdles as they try to secure mortgage loans. NOW's David Brancaccio reports on a government program in California that is trying to figure out sound ways to get families like the Wilsons into homes.

Watch more of David Brancaccio's report on the June 27, 2008 edition of NOW on PBS (check local listings).

External Links/Articles*

• Cabrillo Economic Development Corporation (CEDC)
  CEDC is a non-profit affordable housing producer in Ventura County, California. The Cabrillo Homeownership Center assisted the Wilsons, the family profiled in David Brancaccio's report.
• Center for Economic and Policy Research (CEPR)
  CEPR is a nonpartisan think tank. The center's co-director, Dean Baker, is interviewed in David Brancaccio's report. This links to a list of Op-Eds authored by Dean Baker.
• Just Price Solutions (JPS)
  JPS creates mortgage lending software that reworks mortgages. The software is marketed to the non-profit housing sector, including Neighborhood Housing Services of America. The company's president, Brian Cosgrove, is interviewed in David Brancaccio's report.
• Neighborhood Housing Services of America (NHSA)
  NHSA provides "nonprofit secondary market capital to the community development field." NHSA works with "private sector institutional investors, philanthropic organizations, governmental entities, and NeighborWorks® America to improve mortgage industry products and services for community initiatives."
• NeighborWorks America
  NeighborWorks® is a "national nonprofit organization created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts." The Cabrillo Economic Development Corporation is part of the NeighborWorks system.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.