Detailed text transcripts for TV channel - MSNBC - 20111024:17:46:00
Today to help some homeowners who are still underwater. shaun donovan, secretary of housing and urban development joins us as the president wings his way to las vegas to unveil all of this. mr. secretary thanks for joining us. there are i think 11 million homeowners underwater. how many will be helped by this plan? >> well, andrea, we're still working out the final details over the next few weeks but there are about 4 million homeowners who have a fannie mae or freddie mac mortgage, are under water today, and have interest rates significantly above today's current rates. that's the target popu...