Foreclosures Rate Increase Shows Fragility in Housing Market
Clip: 8/9/2012 | 5m 47s
Increase in New Foreclosures Rate Shows Some Fragility in Housing Market
Though new reports show that banks are repossessing fewer homes from a year ago, mortgage defaults are on the rise. Jeffrey Brown talks to Guy Cecala of Inside Mortgage Finance Publications about why foreclosure rates remain high, even when the house market shows signs of improvement.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
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Foreclosures Rate Increase Shows Fragility in Housing Market
Clip: 8/9/2012 | 5m 47s
Though new reports show that banks are repossessing fewer homes from a year ago, mortgage defaults are on the rise. Jeffrey Brown talks to Guy Cecala of Inside Mortgage Finance Publications about why foreclosure rates remain high, even when the house market shows signs of improvement.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...