Detailed text transcripts for TV channel - MSNBC - 20111024:18:04:00
That meant you could have negative 25% equity in your home or owe 25% more than your home was currently worth. that was a problem for some folks and home prices have fallen dramatically and people are 50% under water. this takes the cap off. you can be as far under water as you want and still qualify. when you talk about wider programs that the obama administration tried, the modification program is a big that fell flat. they originally said they were going to be spending $50 billion to help millions to modify loans and they barely spent 3.5 to $4 billion. that has been a lack luster program a...
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