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The Housing Bust (Countrywide) #954338

NBC Evening News for Tuesday, Nov 20, 2007
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(Studio: Brian Williams) Losses for Freddie Mac cited.

(Boston: Diana Olick) The agreement by lender Countrywide Financial to renegotiate loans for homeowners facing foreclosure examined. [Boston resident Ariel MONGES‡- comments.] [Neighborhood Assistance Corp. of America Bruce MARKS†- says it’s a borrower-based solution.] [Countrywide BROKER – comments on working with NACA to help Monges.] [Countrywide executive managing director Sandor SAMUELS†- notes the cost of foreclosure is greater than renegotiating.] [Former HUD official Howard GLASER†- says the market has gone global.]

Williams, Brian;
Olick, Diana

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