Foreclosures are up but so is the need for housing

Hosted by

From January to the end of March, mortgage foreclosures in California rose 800% as compared to the first three months of last year. Countrywide Financial, the nation’s largest mortgage lender, says delinquencies are up even among customers with good credit.

Credits

Guests:
Lloyd Segal - Mortgage banker, Jack Kyser - Founding Economist, LAEDC's Kyser Center for Economic Research

Host:
Warren Olney

Producer:
Karen Radziner