John King, USA

The latest political news and information on the most important stories affecting you.
October 24th, 2011
09:06 PM ET

New help for 'underwater' homeowners

HUD Secretary Shaun Donovan says the president's plan to help homeowners will benefit both the economy and taxpayers

Filed under: Interview
soundoff (2 Responses)
  1. Linda Thrasher

    When is congresss going to do something with the banks in this country? We have repeatedly tried to refinace or modify our house loan with Wells Fargo because between the first and the second our interest is 7%. Their resopnse to refinance is "we don't have the income to service the mortgage and our monthly expenses." Their responce to loan modification (making homes affordable lesgistlation ha ha) is "we have the income to service our mortgage and our monthly expenses." Does this make sense to you? Not us. We have a small construction company in North West Montana and would like to know when govenment is going to start supporting the small businesses, which are the back bone of this country, and not the large corporations and banks they have had to bail out. We fought a war against the English monarchy to be independent. Didn't work so well did it? What happened to "We the people of the United State in order to form a more perfect union" and the Bill of Rights? We have no rights and our union is not so perfect is it? Disgusted in Montana

    October 25, 2011 at 4:32 pm |
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