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Federal COVID funds will be used to offer forgivable downpayment loans.

Or more than your household income. so what is going on here, jenna is that bank of america is targeting the no money down payment loans. so these are the severely underwater borrowers that they are targeting. again, your loan has to be owned by bank of america, not freddie mac or fanny mae, and most mortgages out there are owned by freddie mac or fanny mae. jenna: especially those loans do we have any estimates on how many people are actually going to be able to benefit from this based on some of those restrictions, basically you have to stop paying, you have to know all these things about yo...

Roll the dice more in subsidized housing. saying that no interest loans, no down payment loans. this is what would cause the housing crisis. >> bob: what caused it is that the government, there was a bill before congress that would have regulated fannie and freddie more closely. oversight. instead of being under the thrift management. >> eric: who ran congress at the time? >> greg: so the executives, fannie and freddie are getting bonuses. obama is not saying anything about that. if someone on wall street gets a bonus they're called a fat cat. if you work for the government and get a bonus, yo...

At work. >> i had to feed my family or give my payments to the bank. breath breath this 2010, she thought naca averaged a mortgage modification she could handle. then she began getting foreclosure notices from the bank of america. which bought countrywide mortgage her original lender. that's why she was back in january. >> i need a solution today. not tomorrow, today. >> bret: catalina's story likely sons familiar if you followed the mortgage crisis. bruce marks' story may too. before the crash, he pressured banks to make no down payment loans, to low income borrowers with less than sterling c...

At work. >> i had to feed my family or give my payments to the bank. breath breath this 2010, she thought naca averaged a mortgage modification she could handle. then she began getting foreclosure notices from the bank of america. which bought countrywide mortgage her original lender. that's why she was back in january. >> i need a solution today. not tomorrow, today. >> bret: catalina's story likely sons familiar if you followed the mortgage crisis. bruce marks' story may too. before the crash, he pressured banks to make no down payment loans, to low income borrowers with less than sterling c...