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Housing Foreclosures #976958

ABC Evening News for Thursday, Oct 14, 2010
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(Studio: Diane Sawyer) The foreclosure crisis in America introduced; record statistics cited.

(Studio: David Muir) The growing fury over the paper trail from banks making foreclosures on homes examined; details given about robo-signing that was outsourced, the plight for home buyers with the sale of foreclosed houses now on hold. [Attorney Matthew WEIDNER†- says the paperwork is being done in Guam and the Philippines; states banks are intoxicated with power.] ["Wall Street Journal" Jon HILSENRATH†- says shoddy methods will now cost banks.] [Homeowner Nancy LUNA - wonders.] The investigation into the banks' handling of the paperwork discussed.

(Studio: Diane Sawyer) ABC's efforts to ask questions of the six major banks embroiled in the mortgage mess noted.

Reporter(s):
Sawyer, Diane;
Muir, David
Duration:
00:03:10

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