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(Studio: Tom Brokaw) Report introduced.
(Minneapolis: Mike Boettcher) Today's announcement by several state attorneys general of refunds to be given to GMAC mortgage holders to compensate for overcharging featured. [Mortgage holder Jay EISENBERG, mortgage HOLDER - talk about being overcharged.] [Minnesota attorney general Hubert HUMPHREY - says consumers were ripped off.] [GMAC Mortgage Corporation Richard GILLESPIE - says GMAC practices comply with requirements.] [Representative Bruce VENTO - talks about US Housing and Urban Development enforcement of the law.] Estimate given of the total amount owed by mortgage companies to homeowners nationwide.
- Boettcher, Mike;
- Brokaw, Tom
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