The Roots Of Record Foreclosures | WAMU 88.5 - American University Radio

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The Roots Of Record Foreclosures

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RealtyTrac is showing a 14 percent rise in first time default notices between July and September. It's the first jump after five consecutive quarterly declines, suggesting that banks are gradually addressing their backlog of foreclosed homes. Michel Martin discusses the causes and impact of the mortgage crisis with industry observer and history professor Beryl Satter.
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