Detailed text transcripts for TV channel - MSNBC - 20111024:18:03:00
Borrowers who lost their homes and millions in foreclosure and need to be sold off into the market. this is not about that. this is for borrowers who are current on their payments and don't qualify for refinances because they are under water on mortgages. that is a lot of americans. about 11 million nationally under water. that is homeowners with a mortgage. we want to make sure. not every homeowner has a mortgage. >> unless the market recovers in some way, we will see a drag on the overall recovery for the economy. there was an existing program in place by the administration to help people wh...
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