Negative Equity Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sucker go. in las vegas today where obama is, 65% of people owe more on their home than it's worth. negative equity problem. an ore said this might take the sting out of it. but since it's similar to the previous program i thought i'd point out president obama housing program they started in 2009 was a $50 billion program a gaited money. they only have spent $2.4 billion of that. they help 1.7 million people out of the 9 million homeowners they said they would do. it's taking so long and shackles are so great. when they say we can't wait, democracy is an inconvenient thing sometimes. >> bob: t...

Sucker go. in las vegas today where obama is, 65% of people owe more on their home than it's worth. negative equity problem. an ore said this might take the sting out of it. but since it's similar to the previous program i thought i'd point out president obama housing program they started in 2009 was a $50 billion program a gaited money. they only have spent $2.4 billion of that. they help 1.7 million people out of the 9 million homeowners they said they would do. it's taking so long and shackles are so great. when they say we can't wait, democracy is an inconvenient thing sometimes. >> bob: t...

Obstacles and addresses the equity and appraisals and the cost and warranties. it does not address the prepayment risk that investors take when there is a refinance like that. there is a vow that they did that will cost investors about $15 billion to agree to the refinances. as we know, unless this is a touched mortgage, they don't have to agree to do this. i would be surprised if they lot of them agree. unless we fix the negative equity problem, we will refinance the folks and they will be in lower interest rates and fast forward a year or two from now, they will say look, i'm still under wat...