Page 49 - Loan Modifications News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Don't lose our homes. >> we have more work to do so we're trying to expand the loan modification program to reach more people. >> millions of homeowners like logan are underwater in their properties. a new nationwide survey shows first quarter home prices declined 3%. the sharpest drop since 2008. the housing and urban development secretary says so far the administration helped grant nearly 4 million loan modifications for struggling homeowners but admits it remains fragile. >> there are encouraging signs and there are also signs of caution. we have accelerating job growth. that should help th...

It would be utter crash. what are the banks going to jump in and do it? they're messing up the short sales and the loan modifications, not lending qualified buyers and flooding the market with every one of the reo. >> david: the housing market is in deep trouble right now. you have to be careful about what you do. but should we taxpayers insure homes that cost over $700,000? >> we look out for the neighbors when we do that. but the reality, in your affluent part of the country and mine, $700,000 is the middle. that said, should we not insure the downside? should we insure $2 or $3 million? we ...

a re-sounding success. watch or dvr inside the mission, getting bin laden tonight, 8:00 eastern time. topping our news at this hour, louisiana's morganza spillway is opening. it's expecting to begin burdening the waters away from new orleans and baton rouge. while many homes will be protected, the homes and farms of 2500 people will be expected to be flooded. >> an arrest warrant may be issued for moammar gadhafi. an international close to the courts cells cnn to expect a formal announcement on monday. it's the first time the icc has investigated alleged crimes against humanity. ...

Is worth $375,000. that's heartbreaking. >> it really is and, you know, the thing is you're probably facing a short sale if you get out of the thing now. obviously, you're upside down and you got -- you got misled by a well intentioned but stupid government program called making home loans affordable. or making homes affordable. which actually four million people have now applied for loan modifications, only 300,000 have gotten them. got a 7% approval rating so it's awful, horrible and it's put a lot of people in this situation. sadly, you probably lost this house. >> it's bad news all the way...

Keep homes because of jobs. now we're seeing as the jobs market gets stronger the issue surfacing is people are unwilling or unable to sell these upside down homes with negative equity in them even for a job. 1 in 4 americans under water on their loans. >> it happened to my brother. got offered a great job, a job he really wanted but really under water in his house and felt like he was trapped by the mortgage he signed up for. couldn't sell the house. so is there a way out in those situations? >> there are lots of alternatives. we see some people renting homes out. we see lots of people trying...