Detailed text transcripts for TV channel - CNN - 20100418:16:41:00
Before we move on, let's break down one of the black clouds, home foreclosures. realtytrak, a company that follows the industry, has newly released numbers showing that in the first three months of this year home foreclosures went up 35%. six million homeowners are at least 60 days behind on their mortgage payments. the obama administration tried to stop the bleeding last april with its $75 billion foreclosure prevention program to improve mortgage rates and terms for borrowers, but after a year and over one million participants, just 231,000 people completed the program. 158,000 dropped out a...