Housing Crisis

Marc and Leslie Chalecki, center and right, of Somerset N.J., smile after home saver counselor Felando Clark restructured their mortgage saving them about five hundred dollars a month during the Neighborhood Assistance Corporation of America's mortgage modification event in New York Saturday Dec. 12, 2009. The Chaleckis were worried about making their payments since Marc Chalecki was laid off in June and Leslie Chalecki will be laid off next week. Thousands are expected to take part in the event where borrowers can get their high interest and adjustable rate mortgages restructured the same day.