Chris Arnold

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered and Weekend Edition. He joined NPR in 1996, and was based in San Francisco before moving to Boston in 2001.

In recent years, Arnold has spent much of his time reporting on the financial crisis, its aftermath, and the U.S. economy's ongoing recovery. He has focused on the housing bubble and its collapse. And he's reported on problems within the nation's largest banks that have led to the banks improperly foreclosing on thousands of American homeowners. For this work, Arnold earned a 2011 Edward R. Murrow Award for the special series, The Foreclosure Nightmare. He's also been honored with the Newspaper Guild's 2009 Heywood Broun Award for broadcast journalism. He was chosen by the Scripps Howard Foundation as a finalist for their National Journalism Award, and he won an Excellence in Financial Journalism Award from N.Y. State's society for CPA's.

Arnold is also reporting on the now government-owned mortgage giants Fannie Mae and Freddie Mac. In a series of stories in partnership with ProPublica, Arnold exposed investments at Freddie Mac that raised serious concerns about a conflict of interest between Fannie and Freddie's massive investment portfolios, and their mission to make home ownership more affordable. The stories generated widespread attention, and led to calls for an investigation by members of Congress.

Arnold was recently honored with a Nieman Journalism Fellowship at Harvard University during the 2012-2013 academic year. He joined a small group of other journalists from the U.S. and abroad and studied, among other things, economics and the future of home ownership in America.

Prior to that, Arnold covered a range of other subjects for NPR – from Katrina recovery in New Orleans and the Gulf Coast, to immigrant workers in the fishing industry, to a new kind of table saw that won't cut your fingers off. He traveled to Turin, Italy, for NPR's coverage of the 2006 Winter Olympics. He has also followed the dramatic rise in the numbers of teenagers abusing the powerful and highly addictive painkiller Oxycontin – more than 1 out of 20 high school seniors report using the drug.

In the days and months following the Sept. 11, 2001, attacks, Arnold reported from New York and contributed to the NPR coverage that won the Overseas Press Club and the George Foster Peabody Awards. He chronicled the recovery effort at Ground Zero, focusing on members of the Port Authority Police department, as they struggled with the deaths of 37 officers - the greatest loss of any police department in U.S. history.

Prior to his move to Boston, Arnold traveled the country for NPR doing feature stories on entrepreneurship. His pieces covered technologists, farmers, and family business owners. He also reported on efforts to kindle entrepreneurship in economically disadvantaged areas ranging from inner-city Los Angeles to the Pine Ridge Indian reservation in South Dakota.

Arnold has worked in public radio since 1993. Before joining NPR, he was a freelance reporter working out of San Francisco's NPR Member Station, KQED.

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The Two-Way
2:50 pm
Fri February 3, 2012

Senator Demands Answers from Freddie Mac's Regulator

Originally published on Fri February 3, 2012 3:19 pm

Sen. Robert Casey, a Democrat from Pennsylvania, sent a list of questions about Freddie Mac's controversial trades to the mortgage giant's regulator, highlighting how much remains unknown even after a flurry of statements from the regulator.

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Economy
4:08 pm
Mon January 30, 2012

Freddie Mac Wagered Against Homeowners' Ability To Refinance

Transcript

MELISSA BLOCK, HOST:

Freddie Mac is a gatekeeper in the mortgage market. In many cases, the taxpayer-owned mortgage company controls who qualifies to refinance a mortgage and who doesn't. Well, NPR has learned that Freddie Mac has been making financial wagers, betting against American homeowners being able to refinance. And now some lawmakers want to put a stop to it. NPR's Chris Arnold has been reporting this story in partnership with ProPublica.org. He has this report.

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Your Money
4:01 am
Mon January 30, 2012

Freddie Mac Betting Against Struggling Homeowners

One of Freddie Mac's restrictions blocks people who have a short sale in their past from refinancing for two to four years following the short sale.
Rich Pedroncelli AP

Originally published on Thu March 27, 2014 8:53 am

Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.

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Business
3:00 am
Tue January 17, 2012

Businesses Show More Confidence In The Economy

Originally published on Tue January 17, 2012 4:23 am

Transcript

STEVE INSKEEP, HOST:

Small business owners say they're getting more optimistic about the economy, and about their own prospects. That's according to a survey by the National Federation of Independent Businesses, an influential business group. And this is among several recent reports suggesting the economy is continuing to improve.

NPR's Chris Arnold has more.

CHRIS ARNOLD, BYLINE: Small businesses are getting more confident. And that's a good sign, says John Silvia, the chief economist at Wells Fargo.

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Around the Nation
3:00 am
Thu December 29, 2011

2012 Could See New Regs For Table Saws

Every year, thousands of Americans suffer severe injuries using the saws. But after a series of reports by NPR, the Consumer Product Safety Commission has started crafting new safety rules for table saws.

Crisis In The Housing Market
11:11 am
Tue December 27, 2011

Housing Market Stays Mired In Low Home Price Spin

According to the Standard & Poor's Case-Shiller Home Price Index released Tuesday, home prices were down 3.4 percent this year as of October — around a 35 percent drop from their peak.
Scott Olson Getty Images

This month, consumer confidence jumped to its highest level since April, a sign that the U.S. economy is starting to mend. But the housing market isn't going along yet with this cheerier mood: Home prices were down 3.4 percent for the year as of October, according to a new report released Tuesday.

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Still No Job: Over A Year Without Enough Work
3:44 pm
Thu December 15, 2011

Changes In The Economy Leave Workers Scrambling

A counselor (right) talks with a man about training programs at a nonprofit training and job placement center in Menlo Park, Calif. Seventy percent of the long-term unemployed and underemployed would like the government to offer more job training services, an NPR/Kaiser Family Foundation poll found.
Paul Sakuma AP

Originally published on Thu December 15, 2011 6:34 pm

If you're unemployed, it can be painfully clear when you don't have the right skills to land a good job.

With unemployment at 8.6 percent, upwards of 13 million Americans are without a job and looking for work. A recent NPR/Kaiser Family Foundation poll surveyed hundreds of long-term unemployed and underemployed people, asking whether they thought they had the skills required to find a job.

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Mitt Romney
11:01 pm
Tue December 13, 2011

As Governor, Romney Balanced Budget By Hiking Fees

When it comes to taxes, the field of Republican presidential candidates is unified: Keep them low and certainly don't raise them.

In both his runs for the White House, Mitt Romney has hewed to this Republican line. But whether he cut or actually raised taxes as governor of Massachusetts is a subject for debate.

All politicians like to talk about cutting taxes. But at the state level during tough economic times, many end up cutting spending while raising taxes because they have to balance their budgets.

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