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Freezing Foreclosures - Good or Bad? Neil Cavuto interviews Chip Cummings

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Uploaded by on Nov 29, 2010

Major banks have announced that they are "freezing" real estate foreclosures. FOX News' Neil Cavuto interviews real estate expert Chip Cummings on how long it will last, and if this is a good idea.

Bank of America, GMAC, Chase, Fannie Mae, Freddie Mac and other major institutions have all initiated a halt to foreclosure action until a review of the process can be completed. But will this just prolong the foreclosure crisis? Neil Cavuto discusses the impact with real estate and mortgage expert Chip Cummings.

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