Page 3 - Mortgage Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>>neil: but part of that is the idea that we maybe have corrected things and part of the new financial law is that we won't let banks do this again. the notion too-big-to-fail is gone, and that if an institution comes across duress it is on its own. do you buy that? >>guest: no, we had a real opportunity in 2010 to make it a reality. there was a bipartisan bill working through congress, and talk about this in the book, and it has support from republicans, democrats, and sponsored by senators and secretary geithner got involved to make sure the bill did not pass. >>neil: but isn't your criticis...

Latest updates on this topic from reliable sources.

Prices. we help repair the huge damage done by the housing market and you still say it's in a lot of distress. we brought a measure of stability to house prices. interest rates have come down dramatically. millions of americans have been able to refinance and take advantage of lower rates which is much more money in their pockets and we've put in place a very carefully designed mortgage modification program to help people who have a chance to stay in their house take advantage of that chance. now, we'll make sure we continue to do what's necessary to again repair the damage of this housing cri...

A well-executed, well-planned and effective mortgage modification program. under the t.a.r.p. there has been a $50 billion initiative announced, but, unfortunately, it just hasn't had much of an effect. only 165,000 permanent modifications in almost 16 months from the portion of the program that's t.a.r.p.-funded. that would be one area where we could give up to homeowners, but it just isn't happening. >> what's the price tag on this two years from now, at 3.7 trillion and growing? >> you know, i'm not in the predicting birks dylan. i'm not sure, but if it goes by the current trajectory it's g...

Latest updates on this topic from reliable sources.