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Senate Proceeding on Feb 28th, 2008 :: 8:49:31 to 8:50:54
Total video length: 9 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Lamar Alexander

8:45:40 to 8:49:31( Edit History Discussion )
Speech By: Lamar Alexander

Lamar Alexander

8:49:18 to 8:49:31( Edit History Discussion )

Lamar Alexander: entering foreclosure which i think is important already. the new homes entering foreclosure, you begin to see obviously what's happening in the fourth quarter of 2007. these numbers begin in the quarters

Christopher Dodd

8:49:31 to 8:49:46( Edit History Discussion )

Christopher Dodd: of 2005, mr. president. i realize it's hard to see from some distance. the second number is the second quarter of 2005 and then the numbers run from the second quarter of 2005 to the fourth quarter of 2007,

Christopher Dodd

8:49:31 to 8:50:54( Edit History Discussion )
Speech By: Christopher Dodd

Christopher Dodd

8:49:46 to 8:50:12( Edit History Discussion )

Christopher Dodd: just ending a few months ago. and you get some idea of the homes entering foreclosure in the country. again, almost record numbers here. we are experiencing historic highs in both the rate of new

Christopher Dodd

8:50:12 to 8:50:29( Edit History Discussion )

Christopher Dodd: foreclosures and the percentage of all loans in foreclosure according to the mortgage bankers association. by the way, that's what these numbers come from. mark zandi, an economist at moody's estimates

Christopher Dodd

8:50:29 to 8:50:54( Edit History Discussion )

Christopher Dodd: 2,000 loans wul willdefault. over 23% of subprime loans are now 60 days or more delinquent in foreclosure. those are huge numbers. in the month of january alone, mr. president, foreclosures are up

Lamar Alexander

8:50:54 to 8:51:11( Edit History Discussion )

Lamar Alexander: 57%, just in the month of january. bank repossessions were up 90% from january 2007 according to realty track tkat tafplt there are currently -- data. there are currently 1.4 million families in foreclosure.

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