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To the extent they may have had some weight at the time, the time has passed. i really don't think those dangers are real at this point. >> let's talk about t.a.r.p. which you were responsible for for overseeing insofar as figuring out whether everything went to where it was supposed to go and what the government is getting back. to date more than 60% of the t.a.r.p. money has been repaid. is it all going to be repaid? >> i think the current projections are there will be somewhere between $25 billion to $50 billion loss on the tarp be program. that is far less than was anticipated a couple of ...

Mortgage bankers association. welcome. >> thank you. good to be here. >> bret: how do you see the marketplace, the housing situation going forward? >> it's right on. until we pinch through the inventory created with the foreclosures it will be difficult for us to recover. new construction is a number of years away. you know, all the process that we're going through on the hill in washington, the agenda with this administration to try and help people keep their homes, i applaud that it's something we need to go the extra mile to help people maintain their homes in a bad economy but at some poin...

Mortgage bankers association. welcome. >> thank you. good to be here. >> bret: how do you see the marketplace, the housing situation going forward? >> it's right on. until we pinch through the inventory created with the foreclosures it will be difficult for us to recover. new construction is a number of years away. you know, all the process that we're going through on the hill in washington, the agenda with this administration to try and help people keep their homes, i applaud that it's something we need to go the extra mile to help people maintain their homes in a bad economy but at some poin...

Eligible soldiers and to strengthen modification programs for distressed military homeowners. they also will donate 1,000 homes to military families and veterans over the next five years. >> nice to hear they're trying to make that right. also coming up, now, christine romans. like i said, hold on to your handbag. that was the tease when she sat down. we're talking about the crowded skies. and they're about to get more crowded. good morning to you. >> hold on to your handbag because you're going to be on a plane by the year 2021 with a billion other passengers holding on for dear life in a c...

Into office. we've now seen eight months in a row of stable or rising prices. and, most importantly, the average american homeowner gained $13,000 in home equity after the first quarter of last year. so our broad efforts to stabilize the market have had a real impact. and our modification programs are larger than any prior effort. but also let's be clear about one other thing. we never said we were going to help every family, nor should we. the president was clear. lots of people losing their homes. their second loans, their investors, million dollar homes. >> what about these big banks like j...