Page 31 - Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Strong downdraft and close to the tornado and earlier than it normally would occur. >> he says think again. >> that's one of the key hang-ups in hitting the modification program. being able to demonstrate convincingly convincingly, both statistically and scientifically that what you intend would not have occurred naturally. >> reporter: what would have to be done to dissipate this? >> there is so much energy here it was thought the only approach would be to effectively drop a nuclear bomb inside it. that was actually given serious consideration in the early '50s. >> reporter: that never happen...

and all eyes now on the phrase "one nation" in the gop race to the white house. just ahead, new signs those words could be sarah palin is running for president. i'm wolf blitzer. you're in "the situation room." but first, a heartbreaking development in joplin, missouri. all week we've been bringing you wrenching stories of those missing in the tornado's wake, while at the same time holding out hope they might still be found alive. one of them, 16-year-old lance who was in his car when the twister hit has become a symbol of the desperation felt by so many families. i spoke to his mo...

Since february and according to the congressional oversight committee's latest report, some 6 million borrowers more than 60 days behind on loans. foreevery borougher through the modification program last year, ten families lost their homes to foreclosure. here to break it down for us it rick newman, chief business correspondent for "u.s. news & world report." when you look at number, the obama administration wanted to help 4 million people. now only about 1 million. were their numbers overall overzealous to begin with? >> a really hard problem to solve. different than bailing out the banks. a...

20 minutes to the top of the hour. time for "minding your business." stephanie elam in for christine romans, wednesday isn't wednesday unless you can say the word sig tarp. >> inspector general who is talking about whether or not any of this foreclosure help is having any impact. >> it's like the silicon valley days. let's look at the $75 billion plan that was supposed to help people through the modification program for the moer cloforeclo

Continue the modification program to strengthen that program, in order to keep as many people as possible in their houses and to continue to work towards building an economy that has a stable foundation. >> reporter: and yet, these declines took place despite the extension from last november until april of this year of a tax credit for first time home buyers. consider that the sales of existing homes, not just new homes, but existing ones, which accounts for nearly 95 percent of home sales, also dropped last month, megyn, according to the national association of realtors by half a percentage p...