Page 27 - Foreclosure Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They slow-walk the foreclosure process. >> bret: president obama in las vegas today unveiling the new plan that goes around congress with executive action allowing people with underwater mortgages to refinance lower payments. there is skepticism about the plan and it's playing well. the obama campaign is trying to counter what governor mitt romney said in nevada a couple of weeks ago. bring in the panel. steve hayes for "weekly standard." mara liasson of national public radio. syndicated columnist krauthammer. mara, let's start with the plan itself. what the administration is hoping it would d...

Have fallen demonstrateably shore. so seeing any action on this is probably a good thing. that said, the independent forecast about what it would actually mean are sort of limited. you have to have had a home loan that originated with fannie or freddie or something that was certified by fannie or freddie in order to qualify for it. but, you know, this isn't really about the policies, although it will help some people. it's really about the contrast, it's about projecting the president as somebody who's taking action, especially because mitt romney, last week, was in nevada and he said that he ...

We -- the program is already helping about 900,000 people, but according to the experts, it should help about another 2013. that's a small step, but at least it's a major step in the right direction. >> you know, sir, that you're political opponents don't like this kind of intervention, and mitt romney actually had this to say recently about the problem. let's listen to what he said. >> don't try and stop the foreclosure process. let it run its course and hit the bottom, allow investors to buy homes, put renters in them, fix the homes up. >> i guess with everything mr. romney says, it sounds p...

To voters beyond that very narrow base that watches these kinds of debates and these primaries. >> congresswoman, we're not even exaggerating this. mitt romney said outright, let me play you what he said. i want your reaction to this. >> don't try and stop the foreclosure process, let it run its course and hit the bottom, allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up. >> let it run its course -- >> incredible, cities -- >> let people default, put renters in. i mean, it would be shocking if it was not so real that he said this. >> to...

That for a long time. that's why we have such depressed home values. not just because of foreclosures, but because of what that does to appraisals in the neighborhood. again, this program is not designed to help people who are in trouble on their loans, who are delinquent, facing foreclosure. this is not a modification program. and that's what a lot of the criticisms are, they're saying the housing market needs more than just a re-fi program to help current borrowers, because the current borrowers are paying. now, the administration will argue, okay, we're putting more money back into borrower...