Page 14 - Foreclosure Process News Today

They slow-walk the foreclosure process. >> bret: president obama in las vegas today unveiling the new plan that goes around congress with executive action allowing people with underwater mortgages to refinance lower payments. there is skepticism about the plan and its playing well. the obama campaign is trying to counter what governor mitt romney said in nevada a couple of weeks ago. bring in the panel. steve hayes for "weekly standard." mara liasson of national public radio. syndicated columnis...

Have fallen demonstrateably shore. so seeing any action on this is probably a good thing. that said, the independent forecast about what it would actually mean are sort of limited. you have to have had a home loan that originated with fannie or freddie or something that was certified by fannie or freddie in order to qualify for it. but, you know, this isnt really about the policies, although it will help some people. its really about the contrast, its about projecting the president as somebody w...

We -- the program is already helping about 900,000 people, but according to the experts, it should help about another 2013. thats a small step, but at least its a major step in the right direction. >> you know, sir, that youre political opponents dont like this kind of intervention, and mitt romney actually had this to say recently about the problem. lets listen to what he said. >> dont try and stop the foreclosure process. let it run its course and hit the bottom, allow investors to buy homes, ...

To voters beyond that very narrow base that watches these kinds of debates and these primaries. >> congresswoman, were not even exaggerating this. mitt romney said outright, let me play you what he said. i want your reaction to this. >> dont try and stop the foreclosure process, let it run its course and hit the bottom, allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up. >> let it run its course -- >> incredible, cities -- >> let people de...

That for a long time. thats why we have such depressed home values. not just because of foreclosures, but because of what that does to appraisals in the neighborhood. again, this program is not designed to help people who are in trouble on their loans, who are delinquent, facing foreclosure. this is not a modification program. and thats what a lot of the criticisms are, theyre saying the housing market needs more than just a re-fi program to help current borrowers, because the current borrowers ...

Biggest problem for the white house. it is impossible to force banks to cooperate on the policy. >> we are continuing to work with banks so they can get in the business of actually doing what we think they should have been doing much more of. that is sitting down and renegotiating with people about to go under. >> but you cant force them to do it. or can you? the we cant wait campaign has two targets. congressional republican who is offered an alternative. heres mitch mcconnell. >> these bills a...

>> lets take a look at the romney bug. let mitt romney speak for himself about what he thinks, before the las vegas review newspaper. heres mitt romney. >> as to what to do for the housing industry specifically, and are there things that you can do to encourage housing. one is, dont try and stop the foreclosure process. let it run its course and hit the bottom, allow investors to buy up homes, put renters in them, fix the homes up with and let it turn around and come back up. the obama administr...

easier. >> this will help a lot more homeowner refinance at lower rates which mean consumers save money. those families save money. and it gets those families spending it and it makes it easier for them to make their mortgage payments so they dont lose their home and bring down home values in the neighborhood. im going to keep on doing everything in my power to help to stabilize the housing market, grow the economy, accelerate job growth, and restore some of the security that middle cl...

Investors to buy home and put renters in and fix up the homes and the obama administration has slow walked the foreclosure process and so we still have a foreclosure overhead. >>dave: was that insensitive? we have a distinguished professor of real estate finance and senior scholar at george mason university. and a foreclosure defense attorney. good morning to both of you. anthony, you think romney has a point we should let the people loss their homes, get the foreclosures out of the system. why?...

Homes, put renters in them, fix the homes up and turn around and come back up. the obama administration slow-walked the foreclosure process. >> he would let them hit rock bottom. i dont know what is more graphic than that. we have different views on what the world should be like than republican friends. >> senator reed jumped on that. bankruptcy vate the nations highest. >> the democrats believe the government has roll in the mortgage debt crisis. romney thinks the government should step out of ...