Obama Administration announces inquiry into mortgage lenders

News Segments

Tue, 01/12/2010 - 13:38

Length: 3:40 minutes (3.36 MB)
Format: MP3 Mono 44kHz 128Kbps (CBR)

The Obama administration has announced an inquiry into unusually high home loan default rates with some mortgage lenders. A spike in defaulted loans was a key factor in the crash of the housing market in 2007. As FSRN’s Leigh Ann Caldwell reports, consumer advocates are praising the move.

Share this page!