Page 10 - Housing Values News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"new york times" opinion piece calling his former employer togsic atogs toxic and destructive. wolf blitzer is off. i'm candy crowley. welcome to our viewers in the u.s. and around the world with. you're in "the situation room." puerto rico isn't often a hotbed of american politics but certainly is right now sunday's republican presidential primary looming. 20 delegates are up for grabs and as mitt romney and rick santorum will be the first to tell you, every one of those delegateses koubt es counts. jim acosta is watching it unfold for us in san juan. you had the opportunity to see ...

out of puerto rico into -- as rick santorum heads into the next two primaries. somewhat the opposite for mitt romney trying to gain the upper hand. he's now in puerto rico, where santorum may have offended some spanish speaker, romney is courting them in their own language. jim a costa is in san juan. what's the latest from there, jim? >> reporter: candy, mitt romney is in puerto rico for a series of events. after rick santorum's trip to this island, the trick is pretty simple. don't get lost in translation. mitt romney is out to show puerto ricans he is speaker that i majority. >> i...

Part of that plan? could that have an effect? >> reporter: it could. we have had four or five mortgage modification programs, these were federal programs by the government, uncle sam paying tense of millions of dollars to reduce the mortgage payments. after six months, nine months a year, guess what the people just reee faulted on the loan. the big problem is two fold. the housing values continue to fall. the incentive to for close on the mortgage is much higher. the second is the louse key economy. we don't see many jobs and that puts financial stress on people to pay the mortgages on final. ...

Months ago. we talked about this at our cnbc debate in november, and said that you ought to not interfere with the foreclosure process. the obama administration is going to say look at mitt romney. he doesn't care about your housing values. he wants to let it hit bottom. we can't afford to do that. the reality is that the administration's own steps are fairly modest but they will try to have a message contrast saying we're activist, he's passive. >> john harwood, thank you for joining me. >> you bet. the trial of ousted egyptian president hosni mubarak resumed this morning with the 83-year-o...

Anti-tax lobbyist, who has gotten almost all republican congressmen to sign a pledge never to raise tax revenue in any form including through closing some of the most egregious tax loopholes. we can only hope that the bravery congressman wolf showed on the house floor inspires at least some of his republican friends who know in their hearts that they should not have taken an oath to a powerful lobbyist before they took their oath of office. >> my conscious compelled me to come to the floor today to voice concerns i have with the influence. grover norquist, the president of americans for tax re...