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Detailed text transcripts for TV channel - CNN - 20101004:22:06:00

about foreclosures on homes that might have been saved. it s so bad there s a foreclosure freeze in almost two dozen states right now. mary snow is joining us. she s working this story for us. what raised all of these red flags, mary? wolf, in some cases where homeowners were challenging foreclosures, questions were raised about the process through documents. now the office of the control of the currency that regulates national banks has asked them to review the process. triggering the latest ken over foreclosures, cases like this one in massachusetts where a bank of america employee said in a deposition in february that she signed between 7 and 8,000 foreclosure documents a month without reading them because of the sheer volume. similar cases have been reported elsewhere. leading bank of america to delay foreclosures in 23 states. doing the same, ally financial, which used to be gmac, the

Mary snowForeclosure freezeWolf blitzerBank of americaAlly financial

Detailed text transcripts for TV channel - FOXNEWS - 20101015:13:03:00

mortgage. you don t qualify. you might be under water. you have got little equity in your home. you can t get from a 6%, 7%, 8% mortgage. you don t qualify to refinance. that s the human tragedy that s just below the surface. megynyou are surface. martha: they ought to be able to bridge that gap and do a workout with the american people. this foreclosure freeze, this moratorium, this investigation, that s going to put a lot of pressure on the bank to get people qualified, but it hasn t happened yet. we have been reporting, 102,000 bank repossessions of homes in september alone. how many of those repos could have been avoided if those people could have gotten a 4%

Staten island homeHuman tragedyHasn tForeclosure freezeBank repossessions

Detailed text transcripts for TV channel - CNN - 20101015:18:00:15

Detailed text transcripts for TV channel - CNN - 20101015:18:00:15
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Detailed text transcripts for TV channel - FOXNEWS - 20101008:17:05:00

quick fix. it doesn t exist. this foreclosure freeze is inevitable, because the paperwork in many cases is faulty. if you re going to go through the legal process you ve got to do it right. that s why they are stopping these foreclosures. there is no fix to this, can t do it quickly. megyn: would have been nice if they could have got even it right from the begin. that s wishful thinking. stu, thank you. fox news alert we are going to the white house now in the rose garden where we expect the president to make the announcement that general james jones is calling it quits and we have a new national security adviser coming in. restore american leadership in the world. over the past 20 months that is exactly what we ve done. during this time i ve relied every day on the advice and counsel of my national security adviser general gym jones. when i talked to jim about taking this job shortly after the election it was a difficult decision for him.

It doesn tForeclosure freezeMegyn kellyPresident obamaRose gardenWhite houseFox news alertWishful thinkingStu varneyNational securityGeneral jonesRestore americanNational security adviserGym jones