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Housing / Mortgage Bill #902769

CBS Evening News for Saturday, Jul 26, 2008
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(Studio: Jeff Glor) The government's closing of First National Bank and Heritage Bank in the West noted.

(Washington: Kimberly Dozier) The Congressional bill to bail out the US mortgage system examined; details given about the package to bail out borrowers and lenders overseen by Freddie Mac and Fannie Mae. [Senators Richard DURBIN, Benjamin CARDIN, Jim DeMINT, Kay Bailey HUTCHISON - offer views on the economy, Congress and the legislation.] [Politico.com correspondent Mike ALLEN†- comments on the politics of the bill.]

(Studio: Jeff Glor) Report introduced.

(New York: Michelle Miller) The tight credit in the mortgage crisis examined; details given about the requirements for jumbo loans and how home buyers face restrictions. [Manhattan apartment seeker John HO - comments on mortgage payments.] [Trachtman and Bagh mortgage broker Alan TRACHTMAN†- talks about the loans and a perspective on mortgages.]

Reporter(s):
Glor, Jeff;
Dozier, Kimberly;
Miller, Michelle
Duration:
00:04:20

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