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Housing: Mortgage Crisis #899650

CBS Evening News for Thursday, Mar 13, 2008
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(Studio: Harry Smith) RealtyTrac statistics on homes facing foreclosure cited.

(Washington: Nancy Cordes) A proposed crackdown on lenders reviewed. [Hudson City Bancorp CEO Ronald HERMANCE†- outlines his lending strategy.] [Treasury Secretary Henry PAULSON†- comments on the government’s plan.] [University of Maryland economist Peter MORICI†- says it does not do anything to help the homeowner near foreclosure.] [Representative Barney FRANK†- notes the foreclosure rate makes economic recovery harder.]

Reporter(s):
Smith, Harry;
Cordes, Nancy
Duration:
00:02:20

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