WAMU 88.5 : The Big Fix

Stimulating The Housing Market

Play associated audio

Cheryl from Wheat Ridge, Colo., wants mortgage companies to let homeowners in good standing skip one mortgage payment without hurting their credit rating. Dean Baker says that this already happens in emergency situations but could be mandated. Anthony Sanders says that there used to be "pick-a-payment" mortgages — a type of loan that allowed borrows to skip one payment a year of their choosing.

Host Al Lewis suggests listing two prices for houses: one that includes a broker's commission and one that doesn't to encourage more people to self-broker. Baker is unsure that it is worth adding a new requirement to real estate transactions. Sanders brings up for-sale-by-owner listings and discuss why more people do not consider this option.

Then John, a real estate agent from Buyer's Edge in Maryland, disagrees with Lewis that people buying a house don't need agents. John proposes creating uniform agency disclosure laws so consumers know what real estate agent options are available. Sanders agrees that giving the consumer more information is better. Baker says more transparency is good but doesn't think that people would pay attention to the disclosure forms.

Music: "Home Sweet Home" by Motley Crüe

WAMU 88.5

Verdine White On 45 Years With Earth, Wind & Fire

Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.

NPR

If War Is Hell, Then Coffee Has Offered U.S. Soldiers Some Salvation

"Nobody can soldier without coffee," a Union cavalryman wrote in 1865. Hidden Kitchens looks at three American wars through the lens of coffee: the Civil War, Vietnam and Afghanistan.
WAMU 88.5

Virginia's Own Tim Kaine Takes The Democratic Veepstakes

We consider Democratic Sen. Tim Kaine's regional ties and the pros and cons of his vice presidential candidacy as the DNC gets underway.

NPR

Verizon Buys Yahoo For $4.8 Billion In Cash, Touting Gains In Mobile

The deal comes more than a year after Verizon paid $4.4 billion to acquire AOL; as part of Verizon, Yahoo will join the same division AOL currently occupies.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.