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This a time, is there a method for them to benefit or take advantage right now? >> definitely. number one, because the rates are at all time lows. the other reason is becauseh
For them to benefit or take advantage right now? >> definitely. number one, because the rates are at all time lows. the other reason is becauseh
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...
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...
kercher's family is backing the prosecu prosecutor's plan to appeal the case. they say justice would have been served if the jury followed the evidence, not the media hype. >> you can't forgive somebody if they haven't admitted something, so what would they be forgiving. if as was decided yesterday they are innocent, then we say fair enough and all try and move on in that respect. >> a third person convicted in kercher's death in a separate trial is serving a 16 year sentence. knox's haurs suggest that man was the sole killer. michael jackson's doctor will be face to face with old ...