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Transcripts For CNNW Early Start 20120209



a high-stakes pardon showdown. could we learn today if most of those prisoners released in mississippi will have to go back to prison? along those, four convicted murderers. classes are resuming at that l.a. school where the entire staff was fired after two teachers were arrested on child abuse cases. investigators at this point have made yet another disgusting discovery. they were not fired, they were reassigned temporarily. should say not fired but cleared out. the bombing is unrelenting in syria. families are afraid to escape their homes. these are some of the most disturbing images our network has ever seen. we ll do that story, first we ll begin with what is welcomed news for almost 1 million people who own homes in this country. if you owe more money than your house is worth, you re under water, but there could be finally some relief coming your way. all of this comes as new york and california are signing into the deal. so let s run the numbers. we ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101008:17:04:00

Month while this foreclosure halt is in place? reporter: yes, if the bank has possession of the home they cannot sell that home so they can t get anything on that home, it sits on their books as a declining asset. megyn: how does that affect other mortgage owners that are with the bank. the banks don t like to hold the hit they like to pass it along. reporter: that s a stretch to say that other mortgage holders within the same bank will be directly affected. i m not sure about that: the bank s books will take a hit. if those mortgages that are owned by the taxpayers through the agencies, fannie and freddie, then the taxpayer takes a hit because there are no monies coming in on the mortgages and it s no longer being repaid and they are not being sold. megyn: it s a big deal to take somebody s house from them, on the other hand they ve gone the opposite extreme. reporter: there is no he s he solution to this, there is no ....

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