Obama Mortgage Modification Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> we're spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think it's too much and borrowing too much we're lowering their principal and their rates and finding a way to keep them in houses even if they shouldn't be there, because they can't afford them. >> paul: what kind of magnitude are we talking about? >> it's huge. just look at fannie mae shall they reported their 11 1/2 billion dollar loss,...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> we're spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think it's too much and borrowing too much we're lowering their principal and their rates and finding a way to keep them in houses even if they shouldn't be there, because they can't afford them. >> paul: what kind of magnitude are we talking about? >> it's huge. just look at fannie mae shall they reported their 11 1/2 billion dollar loss,...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> we're spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think it's too much and borrowing too much we're lowering their principal and their rates and finding a way to keep them in houses even if they shouldn't be there, because they can't afford them. >> paul: what kind of magnitude are we talking about? >> it's huge. just look at fannie mae shall they reported their 11 1/2 billion dollar loss,...