Modification Programs News Today

category 2 hurricane. were going to have the latest track of the storm for you. and for the first time in history, a commercial spacecraft linking up with the international space station. let your geek flag fly, folks. we are going to take you live to outer space in just a moment. hi, everybody. welcome to "early start." im ashleigh banfield. look whos here! >> good morning. >> nice to have you here. >> im alina cho. zoraida has the day off today. it is 5:00 a.m. in the east. on this...

To unwind fannie mae and freddie mac. theyve cost american taxpayers a net $150 billion, they have an unlimited pipeline into the u.s. treasury to help rescue housing, and whats going on here is barney frank and two other democrats sent a letter to the federal overseer of fannie mae and fredty mac treasuring the overseer to get fannie and freddie to do more to rescue housing. this is the congressman who famously said lets roll the dice with fannie and freddie prior to the housing crack-up, he sa...

these families are afraid out here. and these victims have been through a terrible amount. its a slap in the face. i was a district attorney. some of them need cut loose. i havent had a chance to check the list for my former prosecutors. so this is a significant problem. but i think were going to get a handle on it. i think the evidence that weve seen. he violated the constitution and most of the so-call eed pardons will be held. >> well have more on the story in just a few minutes. so...

where shell stop until shes been there. she turned up this morning at the national archives in her words highlighting americas foundation and contemplating a run for president in 2012. yesterday palin hit the streets with rolling thunder, the motorcycle rally honoring americas m.i.a.s and p.o.w.s. but we think shell be in gettysburg, pennsylvania later today. jim acosta, shes used the word "foundation" a lot this morning. is she laying the foundation for a presidential run? >> reporter...

Recession and maybe had a depression and while this may have pushed off the problem, it at least solved it, at least spared us from real, much worse damage. >> the initial decline would have been faster, but we probably would be seeing, looking at least toward the end of the agony now, now, were near five, maybe a decade and whats remarkable the number of programs that failed. its almost like case study in federal interventions gone bad. a bunch of them. >> she these didnt start in th obama admi...

To the extent they may have had some weight at the time, the time has passed. i really dont think those dangers are real at this point. >> lets talk about t.a.r.p. which you were responsible for for overseeing insofar as figuring out whether everything went to where it was supposed to go and what the government is getting back. to date more than 60% of the t.a.r.p. money has been repaid. is it all going to be repaid? >> i think the current projections are there will be somewhere between $25 bill...

Mortgage bankers association. welcome. >> thank you. good to be here. >> bret: how do you see the marketplace, the housing situation going forward? >> its right on. until we pinch through the inventory created with the foreclosures it will be difficult for us to recover. new construction is a number of years away. you know, all the process that were going through on the hill in washington, the agenda with this administration to try and help people keep their homes, i applaud that its something w...

Mortgage bankers association. welcome. >> thank you. good to be here. >> bret: how do you see the marketplace, the housing situation going forward? >> its right on. until we pinch through the inventory created with the foreclosures it will be difficult for us to recover. new construction is a number of years away. you know, all the process that were going through on the hill in washington, the agenda with this administration to try and help people keep their homes, i applaud that its something w...

Eligible soldiers and to strengthen modification programs for distressed military homeowners. they also will donate 1,000 homes to military families and veterans over the next five years. >> nice to hear theyre trying to make that right. also coming up, now, christine romans. like i said, hold on to your handbag. that was the tease when she sat down. were talking about the crowded skies. and theyre about to get more crowded. good morning to you. >> hold on to your handbag because youre going t...

Into office. weve now seen eight months in a row of stable or rising prices. and, most importantly, the average american homeowner gained $13,000 in home equity after the first quarter of last year. so our broad efforts to stabilize the market have had a real impact. and our modification programs are larger than any prior effort. but also lets be clear about one other thing. we never said we were going to help every family, nor should we. the president was clear. lots of people losing their home...