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Could upset the entire regions stability. now back to "on the record." w b" >> towns around the country are still feeling the pain, of course, from the housing bust, including californias san bernardino county with one of the nations highest foreclosure rates. now theyve come up with a plan to help homeowners. it would involve the county seizing the mortgages, but investors holding the current mortgages warn they think the plan could backfire. how would this work? >> well, the proposal is that t...

Mortgages, renegotiate them at a lower mortgage and reduce the payments for homeowners. >> so, i mean, it sounds like it could work. i mean, isnt this what some people have said the banks should do more of? >> right. the argument thats advanced by the company proposing this, a san francisco investment company called mortgage resolution partners, is that just because of these agreements theyre unable to renegotiate these mortgage notes. >> so do some people think this could hurt the homeowner? if...

Hearing by hiding more than $100,000 on line. the judge suggested that zimmerman might have taken the money and left the country. now back to "on the record." >> towns around the country are still feeling the pain, of course, from the housing bust, including californias san bernardino county with one of the nations highest foreclosure rates. now theyve come up with a plan to help homeowners. it would involve the county seizing the mortgages, but investors holding the current mortgages warn they ...

Mortgages, renegotiate them at a lower mortgage and reduce the payments for homeowners. >> so, i mean, it sounds like it could work. i mean, isnt this what some people have said the banks should do more of? >> right. the argument thats advanced by the company proposing this, a san francisco investment company called mortgage resolution partners, is that just because of these agreements theyre unable to renegotiate these mortgage notes. >> so do some people think this could hurt the homeowner? if...

Have opened up investigations on the banks foreclosure practices. complicated story i tried to tell on television a number of times with not a tremendous amount of success. more or less, what was happening was banks were foreclosures on properties that they didnt even own and on properties without the actual legal note, bank note, said we own this loan. and the foreclosure problem was actually a symptom of the true rotten cause. the rotten cause was when the securitization machine was going as f...

General in the united states have opened up investigations on the banks foreclosure practices. complicated story i tried to tell on television a number of times with not a tremendous amount of success. more or less, what was happening was banks were foreclosures on properties that they didnt even own and on properties without the actual legal note, bank note, said we own this loan. and the foreclosure problem was actually a symptom of the true rotten cause. the rotten cause was when the securiti...