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Economy / Foreclosures #84216

ABC Evening News for Thursday, May 12, 1983
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(Studio) Congress noted considering emergency legislature to aid families threatened with foreclosure due to unemployment.
REPORTER: David Brinkley

(Aurora, Illinois) Gary and Darleen Schmidt's plight thought illustrating ordeal of nation's unemployed home owners. [Gary SCHMIDT - comments on overextension imposed by unemployment.] No. of foreclosures last year said highest since depression. [United Way counselor Karl FLODSTROM - notes size of many delinquencies.] Focus of Emergency Mortgage Assistance Bill outlined on screen, discussed. [Talman Home Federal president Charles JARASEK - doesn't think legislature will meet nation's need.] Mortgage lenders' perception of general situation outlined.
REPORTER: Ron Miller

Brinkley, David;
Miller, Ron

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