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Housing / Mortgage Bill #899887

ABC Evening News for Saturday, Jul 26, 2008
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(Studio: David Muir) Senate approval of a mortgage relief bill reported; scenes shown from a rare unusual Saturday session; details given about the tenets of the legislation to prevent foreclosure and the collapse of Freddie Mac and Fannie Mae.

(Miami: Jeffrey Kofman) The housing rescue package examined; details given about the limited impact of this bill on homeowners. [Foreclosed homeowner Avery SALKEY†- says you get a loan you cannot afford.] [Representative Barney FRANK†- comments on the lender loans.] [ACORN national legislative director Brenda MUNIZ†- say getting loans modified is hard.]

(Studio: David Muir) The possible foreclosure of a home build for the program "Extreme Makeover" noted.

(Studio: David Muir) The failure of two more banks {named} noted.

Reporter(s):
Muir, David;
Kofman, Jeffrey
Duration:
00:03:20

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