Detailed text transcripts for TV channel - FOXNEWS - 20100515:20:22:00
Yet again. you can see this one coming. look, if somebody doesn't have a job, renegotiating their mortgage isn't going to help. they won't be able to pay the mortgage no matter what. >> reporter: that is absolutely right, gregg. experts say any drop in foreclosures is positive, but the recent dip should not be seen as a trend. the new figures called the reality trap, let's say the one month figure doesn't show the data. people losing jobs and many desperate homeowners are struggling through loan modifications which experts say adds up to a short term solution for a problem that is overreaching...
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