New Jersey Foreclosure Crisis: Chris Christie Acknowledges Shortcomings Of Relief Program

New Jersey Governor Chris Christie acknowledged on Tuesday that a state-operated, but federally funded, foreclosure relief program has not been working "the way it's supposed to," leaving many distressed homeowners without much-needed help. The Philadelphia Inquirer first reported last month that New Jersey's Homekeeper Program, which was launched in 2011 to alleviate the financial burden of certain underwater mortgages, had doled out hardly any of the $300 million in funds allocated by the f...