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Economy: Housing / Foreclosure Crisis #1007099

CBS Evening News for Thursday, Sep 15, 2011
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(Studio: Scott Pelley) Statistics on initial default notices sent to homeowners cited.

(Studio: Anthony Mason) The rise in homeowners at risk of foreclosure examined; details given about the artificial decline in foreclosures; statistics on mortgage problems cited. [RealtyTrac Rick SHARGA††- says the market is getting back to normal; says housing prices should bottom out this year.] The problems for homebuyers to get loans discussed.

(Studio: Scott Pelley) Statistics on bank-owned homes cited.

(Chicago: Cynthia Bowers) Frustration with foreclosed, abandoned houses that are bringing down property values featured; scenes shown of trashed homes in Chicago; figures on banks with vacant properties cited; details given about a new ordinance requiring banks to board up houses, mow lawns and clean up debris. [Neighborhood Housing Services Bryan ESENBERG††- comments on a “bank walkaway” building with no legal owner.] [Alderman Pat DOWELL††- comments on taxpayer money spent to board up abandoned buildings.]

Reporter(s):
Pelley, Scott;
Mason, Anthony;
Bowers, Cynthia
Duration:
00:05:00

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