Detailed text transcripts for TV channel - FOXNEWS - 20100916:23:29:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20100916:23:29:00

and a lot more americans are losing their homes to foreclosure these days. data from the foreclosure listing service realty track shows lenders took back more than 95,000 homes last month. that's more than in any month since the mortgage crisis began three years ago and helped push the economy into recession. the latest foreclosure numbers are up 3% from the month before. and 25% from august of 2009. but there is a bright spot in all of this, the fox business network's adam shapiro live in our newsroom. adam, explain the news here. >> well, it sounds like good news because for the seventh time in seven months, actually, we've seen a slowdown in the rate of foreclosures but devil is in the details. i mean, what's actually happening according to realty track is the banks have repossessed and foreclosed on 900,000 homes so far this year, they've only put 300,000 of those homes back on the market. they're getting a backlog. they're slowing everything down. and it's not because they want to do people a favor it costs them money if they have to put

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