Search the Archive

Banks / Mortgage Settlement #1016763

CBS Evening News for Thursday, Feb 09, 2012
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(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.]

Reporter(s):
Pelley, Scott;
Andrews, Wyatt
Duration:
00:05:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.