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Housing: Mortgage Crisis #898292

CBS Evening News for Thursday, Mar 06, 2008
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(Studio: Katie Couric) Mortgage Bankers Assn. and Federal Reserve statistics on foreclosures and home equity cited.

(Studio: Anthony Mason) The increase in home foreclosures featured; statistics on mortgage delinquency and zero or negative equity cited. [Minnesota state representative Jeremy KALIN†- says real families are being devastated.] [Federal Reserve Board chairman Ben BERNANKE – says more can and should be done.] [White House press secretary Dana PERINO†- says the taxpayer should be bailing out lenders or borrowers.] [Representative Barney FRANK†- says the White House is inviting a longer and deeper recession.] [Brookings Institution Douglas ELMENDORF†- explains the need for quick action.] A report finding the average family has more debt than home equity discussed.

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:03:00

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