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.


The Salt
5:32 pm
Tue November 25, 2014

For More Local Turkeys To Hit Holiday Tables, You Need An Abattoir

The turkeys at Kate Stillman's farm don't have to be loaded on a trailer and driven hundreds of miles this year. They now meet their ends on the same farm where they lived their lives.
Chris Arnold NPR

Originally published on Wed November 26, 2014 10:22 am

It's a busy time of year for turkey farmers around the country. And these days, with the growth of the local food movement, small family farms are struggling to keep up with all the orders for birds. So, we went to find out what one New England farmer is doing to get her gobblers from the field to the table. Enter the "abattoir."

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4:18 pm
Fri October 3, 2014

New 15-Year Mortgage May Open Homeownership Door For More Buyers

Neighborhood Assistance Corporation of America CEO Bruce Marks is offering the first batch of these "wealth building home loans" to homebuyers through his nonprofit organization.
Damian Dovarganes AP

Originally published on Sat October 4, 2014 11:56 am

The 30-year mortgage is the foundation of the real estate market largely because it makes housing more affordable. But the truth is, it's a lousy loan for building actual ownership or equity in your home during the first 5 or 7 years, which caused big trouble when housing crashed.

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4:29 pm
Thu August 14, 2014

Should We Kill The $100 Bill?

Noel Celis AFP/Getty Images

Originally published on Tue August 19, 2014 2:02 pm

Of all the U.S. currency in the world, nearly 80 percent is in $100 bills. That's about a trillion dollars.

Some people want to get rid of the bill altogether. Ken Rogoff, an economist at Harvard University, says the $100 bill helps criminals:

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3:14 pm
Fri August 1, 2014

Some Public Pension Funds Making Big Bets On Hedge Funds


Originally published on Thu August 7, 2014 1:28 pm

Public pension funds have been doing something new in recent years — investing in hedge funds.

Hedge funds are often secretive investment firms led by supposedly supersmart fund managers. Though, sometimes they implode spectacularly — think Long-Term Capital Management. Another prominent firm, Galleon Group, recently got shut down for rampant insider trading.

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11:31 am
Sun June 29, 2014

Housing Market Fake-Outs Stump Economists

Homebuilding remains slumped at levels not seen since WWII.
Mike Groll AP

Originally published on Sun June 29, 2014 2:13 pm

Many homebuyers have been throwing down cold hard cash for their entire house purchase in recent years. Some are baby-boomers who sold a bigger house and are downsizing. Some are investors. Others are from outside the U.S.

"Top of the list in terms of cash sales in the first quarter was Florida, with 64 percent of all sales going to cash buyers, followed by New York, 59 percent; Alabama, 56 percent," says Daren Blomquist, vice president of RealtyTrac, which did a study on cash purchases.

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4:37 pm
Thu May 15, 2014

Missing In The Housing Recovery: New Houses

De Desharnais of Ashwood Development in New Hampshire says homebuilding activity for her company has slowed sharply since the housing crash. But she's hopeful that business will pick up.
Chris Arnold NPR

Originally published on Thu May 15, 2014 7:18 pm

More than five years after the crash, homebuilding is stuck at half its normal level. That's a big drag on the economy. And things aren't looking much better: A report out Thursday shows homebuilder confidence is at its lowest level in a year.

This severe slump in single-family home construction has been going on across the country. We haven't seen anything close to this kind of a long-term construction slump since World War II.

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3:05 pm
Tue May 13, 2014

Housing Regulator Has Big Plans In Store For Two Mortgage Titans

Originally published on Tue May 13, 2014 6:26 pm

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From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.


And I'm Melissa Block.

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Rethinking Retirement: The Changing Work Landscape
5:22 pm
Thu April 3, 2014

One More Speed Bump For Your Retirement Fund: Basic Human Impulse

We hate losing twice as much as we love winning, behavioral researchers say. And that gets us into trouble with financial decisions.

Originally published on Thu April 3, 2014 6:34 pm

Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.

One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.

How A Smashed Car Is Like A Smashed Nest Egg

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4:22 pm
Wed March 26, 2014

How Russia's Annexation Of Crimea Could Hurt Its Economy

A street vendor in Simferopol, Crimea, sells eggs with the dual currency price tags in Russian rubles and Ukrainian hryvnias. Russia's annexation of Crimea mean it will now have to prop up the peninsula's weak economy.
Dmitry Serebryakov AFP/Getty Images

Originally published on Thu March 27, 2014 10:05 am

Russian President Vladimir Putin's swift move to annex Crimea is seen as a sign of strength by many Russians, and it has boosted Putin's popularity at home. But when it comes to Russia's economy, many analysts think Russia's prospects are looking weaker.

In recent days, we've seen Russians rallying in the streets, waving flags and celebrating Putin's move to reclaim Crimea as part of Russia.

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Your Money
3:44 am
Tue March 18, 2014

Report: Most Americans Not Putting Enough Away For Retirement

Originally published on Tue March 18, 2014 8:44 am

The stock market surge has given a lift to many retirement portfolios. But a new report finds that most Americans haven't saved nearly enough for the kind of retirement they expect.