Detailed text transcripts for TV channel - CNN - 20100218:14:14:00
Right? >> in fact, it would be wrong. we started talking about an ambitious plan to get americans get more affordable mortgage loans. it has not worked. 116,000 permanent loan reductions have actually been made under the terms of the program. 830,000 trial modifications, means they are in the first three months of the program. and 60,500 have been denied modification. at the end of the day, the government's mortgage relief plan helped 12% of people that applied. big problems with the program. remember, the goals were very high. the president himself really put a lot of pressure on the industry...
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