Home Foreclosures and Economic Recovery

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For the first time in a single month, September saw more than 100,000 home foreclosures. Foreclosure sales are now one-third of the housing market. At the same time, the attorneys general of all 50 states are investigating claims of foreclosure fraud by the entire banking industry. Where is Washington? Is it time for a foreclosure moratorium, or would that bring a grinding halt to the housing market and a threat to economic recovery? We hear the details of foreclosure fraud and why lending practices mean that nobody knows who really own millions of houses.

Credits

Guests:
Ariana Eujung Cha - Washington Post - @arianaeunjung, Peter Ticktin - Attorney, Ticktin Law Group, Rick Sharga - Carrington Holdings - @ricksharga, Richard Blumenthal - Connecticut Attorney General, Michael W. Hudson - Center for Public Integrity

Host:
Warren Olney

Producers:
Sonya Geis, Karen Radziner, Christian Bordal