unemployed homeowners may see the biggest benefits from a $3 billion program that s supposed to help fight foreclosures. housing experts say with so many people underwater on their mortgages, there s not enough money to benefit the people. foreclosures were up 4% in july and nearly 10% increase over the same time in that month in 2009. peter? and a daring rescue after a small plane crashes into lake erie. it happened off south bass island in ohio. a ferry boat crew, members saw the plane go down and pulled all four people on board to safety. witnesses say they saw the plane coming in for what looked like a water landing before it skipped across the water. thank god no one was seriously hurt. it was lucky that the ferry was right there. right. meanwhile, let s take a look at the weather on this monday and it is a wet day as you can see along portions of the gulf coast. also, portions of new mexico back through arizona. they certainly could use some rain and widely scattered stuf
frustration still high over the national housing crisis, bought boston-based nonprofit is bringing home owners and lenders face-to-face to work out solutions. reporter: lined up, camping out, trying to save their homes. thousands of home owners from across the nation are looking for relief at this housing fair in washington. that would be $508 that you are working on. this woman from maryland is one of them. we have been struggling, juggling bills around because we know that the mortgage is the most important bill and we want to get help now before we get too far behind and end up losing the house. reporter: after an orientation with nonprofit housing experts and talking with a counselor, sanders then gets to sit down face to face with her lender to hash out better
mortgages are lined up for help. sandra rendell reports. lined up, camping out, trying to save their homes. thousands of homeowners across the nation are looking for relief at this housing fair in washington. that would be $508 that you re looking to put back into your income. this woman is one of them. we ve been struggling because we know the mortgage is the most important bill, and we want to get help now before we get too far behind and end up losing the house. after an orientation with non-profit housing experts and talking with a counselor, sanders then gets to sit down face to face with her lender to hash out better terms. on to the banks. going to the bank. good luck. thank you. beithe representatives say i makes sense for someone like sanders who is trying to stay
backward, we have to take emergency measures. the economy is at a critical junctionture. it is recovering, but it is a critical juncture. we have 9.7% unemployment in the country. every one of those people out of work and the millions more underemployed are not living up to their economic potential. retail sales are down 1.2%. you know people are pulling in. they are still nervous about joblessness. even with a 30-year fixed mortgage rate of 4.81%. folks, there very low. 4.81% for a 30-year fixed rate mortgage. you still have concerns from housing experts that until the job situation gets better, the housing market will be stagnant at best. so, what the president is saying is that he wants money put to keep teachers on the job, david axelrod and his top advisers are saying if you don t do something, you will lose 300,000 teachers this year. he wants emergency responders to be kept online and to help
forget it, this is another way of bankrupting one system of the economy, it s coming to your town soon. brenda: thanks, guys. uncle sam is creating a dangerous new housing bubble right now and using your tax dollars to do it? one of the most respected housing experts says he has the numbers to prove it. ooo