running for qualifying. millions have been told if you want a modification you need to default and they did that and didn't get the modification and now that they defaulted they won't qualify, but they address that negative equity. the original refinance program was dead out of the gate with the 125% negative equity cap. in the hardest hit state where is 50% are, people are 150 or 200% under water. >> that is unbelievable. with that said, we know if the housing market doesn't recover, that means the overall economy won't recover here. at this point what do you see as the true evaluation and analysis of where the housing market stands even before the plan that the president will unveil. she bypassing congress by the way to do this. he feels they are holding up efforts to get something done for the american people. >> right. here's the problem with a program like this. it addresses some of the