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Detailed text transcripts for TV channel - FOXNEWS - 20101016:08:06:00

Paperwork problems but that doesn t change fundamental fact. foreclosures are justified the people don t pay their mortgage and necessary to help the economy going and fair to those who are paying. shannon: thank you. if the democratic party should defy odds and remain control of the house, there is some evidence tonight nancy pelosi might face trouble retaining her post as speaker. james rosen tracks the footprint of a new species, anti-pelosi democrat. pelosi was never my choice for speaker. reporter: in fact, jim marshal voted for nancy pelosi to be speaker but so conservative is georgia s eighth district, that marshall is touting his opposition to her. marshall doesn t support nancy pelosi. jim marshal worked and voted against pelosi s trillion dollar healthcare bill. reporter: marshal told fox news he s not running against pelosi per se but seeking to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101015:22:05:00

Freddie mac and sent them letters to tell them to review all paperwork. once they determine foreclosure is warranted, he advised, proceed without delay. he thinks most have been warranted. basically, we do not have evidence that there are people being foreclosed upon who are otherwise paying their mortgage or having, you know, made proper steps toward mediation of delinquency. reporter: in fact, the average length of foreclosure nationally is 19 17 months. virtually all were legitimate foreclosures because the people defaulted and the banks gave them months to rectify the problem. reporter: some major lenders, jp mortgage chase, allied, gmac and bank of america suspended foreclosures but only temporarily. we haven t found problems and we are trying to clear the air to say we ll check the work one more time. no one minimizes the paperwork problems but that doesn t change fundamental fact. ....

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