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this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt jeff: good evening everyone. state attorneys general in most of the country are joining forces to investigate foreclosure processing. a formal announcement could come tomorrow. suzanne, several banks have already voluntarily stopped foreclosures and pressure is building on others like citigroup and wells fargo to follow suit. suzanne: jeff, the obama administration seems to have ruled out a nationwide moratorium on foreclosures. and a major securities lobbying group said such drastic action would be catastrophic and mean big losses for investors in the housing market. jeff: as stephanie dhue reports, experts say there s a better solution. reporter: banks will take over 1.2 million homes this year, up from 100,00 before the housing bust. that huge number of foreclosures has exposed a flawed system never designed to handle that kind of volume. ....
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt jeff: good evening everyone. state attorneys general in most of the country are joining forces to investigate foreclosure processing. a formal announcement could come tomorrow. suzanne, several banks have already voluntarily stopped foreclosures and pressure is building on others like citigroup and wells fargo to follow suit. suzanne: jeff, the obama administration seems to have ruled out a nationwide moratorium on foreclosures. and a major securities lobbying group said such drastic action would be catastrophic and mean big losses for investors in the housing market. jeff: as stephanie dhue reports, experts say there s a better solution. reporter: banks will take over 1.2 million homes this year, up from 100,00 before the housing bust. that huge number of foreclosures has exposed a flawed system never designed to handle that kind of volume. ....
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt jeff: good evening everyone. state attorneys general in most of the country are joining forces to investigate foreclosure processing. a formal announcement could come tomorrow. suzanne, several banks have already voluntarily stopped foreclosures and pressure is building on others like citigroup and wells fargo to follow suit. suzanne: jeff, the obama administration seems to have ruled out a nationwide moratorium on foreclosures. and a major securities lobbying group said such drastic action would be catastrophic and mean big losses for investors in the housing market. jeff: as stephanie dhue reports, experts say there s a better solution. reporter: banks will take over 1.2 million homes this year, up from 100,00 before the housing bust. that huge number of foreclosures has exposed a flawed system never designed to handle that kind of volume. ....
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt jeff: good evening everyone. state attorneys general in most of the country are joining forces to investigate foreclosure processing. a formal announcement could come tomorrow. suzanne, several banks have already voluntarily stopped foreclosures and pressure is building on others like citigroup and wells fargo to follow suit. suzanne: jeff, the obama administration seems to have ruled out a nationwide moratorium on foreclosures. and a major securities lobbying group said such drastic action would be catastrophic and mean big losses for investors in the housing market. jeff: as stephanie dhue reports, experts say there s a better solution. reporter: banks will take over 1.2 million homes this year, up from 100,00 before the housing bust. that huge number of foreclosures has exposed a flawed system never designed to handle that kind of volume. ....
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt jeff: good evening everyone. state attorneys general in most of the country are joining forces to investigate foreclosure processing. a formal announcement could come tomorrow. suzanne, several banks have already voluntarily stopped foreclosures and pressure is building on others like citigroup and wells fargo to follow suit. suzanne: jeff, the obama administration seems to have ruled out a nationwide moratorium on foreclosures. and a major securities lobbying group said such drastic action would be catastrophic and mean big losses for investors in the housing market. jeff: as stephanie dhue reports, experts say there s a better solution. reporter: banks will take over 1.2 million homes this year, up from 100,00 before the housing bust. that huge number of foreclosures has exposed a flawed system never designed to handle that kind of volume. ....