Radio Times

The Foreclosure Crisis

October 13, 2010


Hour 1

Hundreds of thousands of homes may have been improperly foreclosed on.  Some of the largest mortgage firms have halted foreclosures after allegations that they failed to follow proper procedures before evicting people.  A Bank of America employee acknowledged that she signed up to 8000 foreclosures a month, often without reviewing them.  This hour, we’ll look at what’s wrong with the foreclosure process and what effect this mess may have on the housing market and the economy.  Marty talks with JIM CARR, Chief Business Officer for the National Community Reinvestment Coalition and KATHLEEN ENGEL, a Professor of Law at Suffolk University Law School.

Listen to the mp3

Listen:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Share this story:




Share a comment:


Please keep your community civil. All comments must follow WHYY's terms of service; WHYY reserves the right to remove any inappropriate comments. See also WHYY's privacy policy.


Comments are closed.