Financial literacy key to avoiding mortgage trouble
By Repps Hudson, KWMU
St. Louis – There's plenty of blame to go around when it comes to foreclosures. But one point comes up again and again. In the go-go years of the housing bubble, borrowers forgot the basic rules of how to manage their money and credit. And lenders took advantage of that situation.
As part of the KWMU series "Facing the Mortgage Crisis," Repps Hudson prepared this report on financial literacy.