× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy: Housing Mortgages / Countrywide / Smart Loans #887543

CBS Evening News for Sunday, Mar 09, 2008
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: Russ Mitchell) Report introduced.

(Studio: Bianca Solorzano) The investigation into whether Countrywide mortgage lender committed fraud examined; statistics about the company cited; prior SEC investigation for improper accounting and other mortgage probes noted. [Mortgage Banking Solutions president David LYKKEN†- says Countryside created more liberal products.] [Senator Charles SCHUMER - says there may be something wrong at Countrywide, which was imitated by other companies .] [At Congressional hearings, Countrywide Financial Corp. CEO Angelo MOZILO†- comments on his bonuses.]

(Studio: Russ Mitchell) Report introduced.

(New York: Randall Pinkston) The approach of community-based banks to the sub-prime lending crisis examined; details given about the racial disparity in sub-prime lending. [Homeowner Michael WIGGINS - worries about payments; comments on his treatment by Carver bank.] [Carver Federal Savings president Deborah WRIGHT†- cites the bank's core principles.]

Mitchell, Russ;
Solorzano, Bianca;
Pinkston, Randall

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.