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Banks / Mortgage Settlement #1016763

CBS Evening News for Thursday, Feb 09, 2012
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(Studio: Scott Pelley) The settlement to be paid by banks for their role in the mortgage meltdown introduced.

(Washington: Wyatt Andrews) The deal that will help homeowners facing foreclosure examined; details given about what the 25 million will cover, including loan reductions, refinances and payments to foreclosure victims, in exchange for clearing the banks of state charges of fraud and about how this deal does not apply to loans held by Fannie Mae or Freddie Mac. [President OBAMA – says it’s good for communities and our economy.] [Homeowner Euna PALMER‡- comments.] [Foreclosure victim Jesse HINNEGAN‡- reacts to the payment.] How to take part in this deal discussed.

(Studio: Scott Pelley) “60 Minutes” interview held with Chris Pendley††, who was a robo-signer at a document mill called Docs and signed 4000 documents per day for major banks. [PENDLEY – recounts what he was told about his job; says there were no requirements for the job; says he was “vice president” for 5-6 banks per day; cites his pay.]

Pelley, Scott;
Andrews, Wyatt

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