Detailed text transcripts for TV channel - CNN - 20110307:11:59:15
Latest updates on this topic from reliable sources.
Stay updated with breaking news from Record Rate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Latest updates on this topic from reliable sources.
Latest updates on this topic from reliable sources.
Down to 4.32%. that matches the lowest level in decades. homeowners having trouble paying the mortgage may soon see conditions change. but for how long? chief washington correspondent jim angle explains. >> reporter: foreclosures are continuing at a record rate and the latest report shows they account for one in four homes in the u.s. >> we're on pace to set a new report with foreclosure accesstivity. the end of the year, we expect that 3.2 million households will receive foreclosure notice. >> thaw tried to hold back but now additions are picking up. >> we are going to see 1.2 million bank re...
>> shepard: there is mixed information tonight about the state of the housing crisis. the number of people faced with the threat of losing homes in july was up 4% from the month before. but down 10% from july of '0. that's according to the foreclosure listing service real t track. banks have been sending out fewer default notices but that they are following through on their threats repossessing homes at near record rate. kris gutierrez is looking into this live in our dallas newsroom tonight. what should we make of this, kris. >> shepard, banks are stepping up repossessions to clear out a back...