PATT MORRISON SCHEDULE
Wednesday, April 7, 2010
1-3 p.m.
CALL-IN @ 866-893-5722, 866-893-KPCC; OR JOIN THE CONVERSATION ONLINE ON THE PATT MORRISON BLOG AT KPCC-DOT-ORG
1:06 – 1:30
OPEN
1:30 - 1:58:30
President Obama launches short sale incentives program to help homeowners facing foreclosure
The Obama administration launched a new program Monday, aimed at easing borrowers out of homes if they owe more than the home is worth. The program pays $3,000 in moving expenses to homeowners and $1,500 to lenders, if both parties agree to what’s known as a short sale. The process is designed for homeowners who are in financial trouble but don’t qualify for the administration’s $75 billion mortgage modification program. Homeowners still lose their homes, but they walk away from their debt, and a short sale doesn’t hurt a borrower’s credit score as permanently as foreclosure does. Lenders, on the other hand, fetch more money in a short sale than a foreclosure. It’s theoretically cheaper and faster than a foreclosure, but what’s the hold up? Short sales so far have dragged out—some for years—because lenders are suspicious of lowball offers. But does this program offer enough incentive to get the market moving? And should the government really need to offer banks incentives to do what they’re already supposed to be doing?
Guests:
UNCONFIRMED:
Laurie Maggiano, policy director of the Treasury Department’s homeownership preservation office
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UNCONFIRMED:
Keith Gumbinger, vice president, HSH Associates, a publisher of mortgage and consumer loan information, collecting data on over 2,000 lenders
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2:06 – 2:30
It’s a START: Obama’s quest to rid the world of nuclear weapons begins in Prague
Tuesday kicked off a week of nuclear policy shifts that the Obama Administration hopes will mark a dramatic change in how the United States and the rest of the world manages, and eventually disposes of its nuclear weapons stockpiles. First in line was the Nuclear Posture Review, which sets American military policy in regards to the potential use of its nuclear weapons, and called for sweeping new constraints in when those weapons could be used. Next up is Thursday when President Obama meets his Russian counterpart in
Guests:
David Albright, physicist & president of the Institute for Science & International Security
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HE CALLS US:
- From 2002 – 2007 Brooks was responsible for the U.S. nuclear weapons program in his role of Administrator of the National Nuclear Security Administration; he was also the chief U.S. negotiator for the Strategic Arms Reduction Treaty from 1991 – 1993.
- Brooks also served as director of arms control for the National Security Council.
- In the George H.W. Bush administration Brooks was assistant director of strategic nuclear affairs at the U.S. Arms Control & Disarmament Agency.
2:30 – 2:39
OPEN
2:41 – 2:58:30
Sapphire on “Push” and “Precious”
The film “Precious,” nominated for six Oscars and winner of “Best Adapted Screenplay” and “Best Supporting Actress,” shocked audiences with its gritty dose of realism that deals head-on with the uncomfortable subjects of incest, abuse and poverty, but the novel “Push,” upon which the film was based, is even more intense. Patt talks with the novelist Sapphire about the origins of the book she began in 1993 as she was about to leave her job as a remedial reading teach in Harlem, and about criticism that turning the work into a high profile film served largely to reinforce negative stereotypes about the black community.
Guests:
Sapphire, author of the novel “Push,” which inspired the Academy Award-winning film “Precious, based on the novel ‘Push’ by Sapphire”
ON TAPE:
Jonathan Serviss
Producer, Patt Morrison Program
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