The American Dream shatters in Prince George’s County | The Washington Post: Still, Jennifer and Fred managed to graduate college, although their mothers could lend only moral support. Today, she works as a supervisor in the federal workforce. He is a manager for a sports memorabilia firm.
The problem is not their income but their home. Once a source of wealth, it is now their biggest financial burden.
The Bryants owe just over $560,000 on their house, which they estimate is worth about $80,000 less than that. Since they moved in 2001, their monthly payment has more than doubled to nearly $3,900 a month — a predicament that arose because of an ill-advised refinancing into a loan whose terms the federal government now deems predatory.