Page 4 - Loan Modification Program News Today

The folks there that this is not a jobs killer, that there will be money, $40 million over the next five years allocated to ensure that those folks in your state who work there will still be able to have employment and keep, you know, food on the table for their families. >> well, i hope that hes going to expand the program. what were really looking for is for the president to keep the promise that he made to close the gap between the shuttle and its successor vehicle which was at the time the c...

Thats despite programs launched by the federal government in some states to help troubled homeowners. our diana olick joins me now from washington. diana, why arent these plans helping or working, or have we just not had enough time go by for them to really kick in? >> reporter: you have to look at the big numbers. yes, we did see record foreclosure activity in march. thats made up of notices of defaults and auctions and re repossessi repossessions. when you dig into the numbers, you see the ban...

Saying if we need these big visions and things to happen, youve got to allocate the money. that was not a neglect of this new administration. >> well, no doubt congress is underfunded the program, and i am not going to apologize for congress. i think there would be a lot of things wrong up here. and there was a gap under the last administration three years that would be there between shuttle and constellation. and i think the promise was, by this president, that we would close that gap and keep ...

Odds because of the case of the 7-year-old boy in tennessee who was sent back to russia. so the program could be slowed down, too. thats another big problem. it already takes a couple years to get through this. and thats the roller coaster. you think its going to happen faster. and then its not. and the russian program even before all this happened was notoriously somewhat difficult to get through. for example, you had to go to russia twice in the process to bring the child home. so although the...

Into space. thanks so much for joining me. >> youre welcome. >> where do you stand on this debate? >> well, i think where we are right now is that we have a shuttle program that is retiring, but we have to have a robust space program. and that robust space program is really supported, empowered, by our research and development, by allowing nasa to do the kind of work that nasa does really well, which is to do -- develop new propulsion systems, to look at how do we move forward? so when i think a...

Program. i believe $9 billion. although critics say that was not enough money, it was always unfunded, not properly funded, not feasible, its still, in a sense to some, throwing away those billions in the constellation program, and they object to that, what do you say to that argument? >> well, heres the deal with constellation. constellation was a program that harkened back to the "apollo" days and it perhaps was never funded correctly. were at the point now where we can do more. so lets not re...

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