Yuki Noguchi

Yuki Noguchi is a correspondent on the Business Desk based out of NPR's headquarters in Washington D.C. Since joining NPR in 2008, she's covered business and economic news, and has a special interest in workplace issues — everything from abusive working environments, to the idiosyncratic cubicle culture. In recent years she has covered the housing market meltdown, unemployment during the Great Recession, and covered the aftermath of the tsunami in Japan in 2011. As in her personal life, however, her coverage interests are wide-ranging, and have included things like entomophagy and the St. Louis Cardinals.

Prior to joining NPR, Yuki started her career as a reporter for The Washington Post. She reported on stories mostly about business and technology, and later became an editor.

Yuki grew up with a younger brother speaking her parents' native Japanese at home. She has a degree in history from Yale.

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Economy
5:38 pm
Wed May 9, 2012

Foreclosure Review Is Free, But Few Borrowers Apply

A foreclosed home in Los Angeles. More than 4 million homeowners nationwide are eligible for an independent review of their foreclosure process, but only a small percentage have applied to the program.
Damian Dovarganes AP

Originally published on Wed May 9, 2012 7:19 pm

It's been more than six months since government regulators and banks first extended an offer to 4.3 million homeowners facing foreclosure: to review, at no cost, the foreclosure process to check for any possible errors or misrepresentations.

Homeowners stand to collect compensation of as much as $100,000 if errors are found. But thus far, only a tiny percentage of those eligible have signed up.

'Not Enough Folks Have Signed Up'

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NPR Story
5:21 am
Tue May 8, 2012

Mortgage Update

Bank of America is offering to reduce an average $150,000 in principal for borrowers who qualify, a bank official says.
Chuck Burton AP

Originally published on Tue May 8, 2012 10:03 am

Bank of America is offering about 200,000 homeowners a chance to wipe out a big chunk of their mortgage debt. The offers are part of the settlement Bank of America and other major banks reached with state and federal regulators earlier this year, and it's one of the biggest principal forgiveness opportunities so far.

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Crisis In The Housing Market
3:02 am
Thu April 26, 2012

For Some, 'Frustration' Over Mortgage Settlement

A sign stands in front of a bank-owned home in Las Vegas. Housing counselors say the $25 billion mortgage settlement between major banks and the states has yet to make an impact in communities around the U.S.
Jae C. Hong AP

Originally published on Thu April 26, 2012 9:21 am

Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.

Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.

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NPR Story
4:41 pm
Mon April 23, 2012

How Long Will Social Security Last?

Originally published on Mon April 23, 2012 7:39 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The Social Security Trust Fund is being squeezed. It's now projected that the trust will no longer be able to fully fund benefits starting in 2033. That's more than two decades from now, but the new depletion date, as it's called, is three years earlier than last year's projections.

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Business
5:02 am
Fri April 20, 2012

Federal Reserve Delays Enforcement of Volker Rule

Originally published on Tue May 15, 2012 4:31 pm

Transcript

STEVE INSKEEP, HOST:

Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.

But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.

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