welcome to american morning. good morning to you, and to you. it is a busy week. breaking news. freedom coming for two u.s. hikers held priter in in iran. they could be out with the half hour. right to mohammed jamjoon covering this. what s the latest? reporter: well, ali, we ve heard from a lawyer from the the two detained hikers tells us a second judge in iran has signed the paperwork, the bail paperwork for josh fattal and shane bauer. the lawyer says now he can take that paperwork and start the procedures to free them. he expects they will be free with the half hour. also, iranian news agency saying they will be handed over to swiss embassy officials in about half an hour from now. ali? we ve had false starts on this the last couple of weeks. the idea here, of course, it s through the judiciaries, any likely to stop this as far as you can see? reporter: ali, i apologize. having a little problem hearing you. we ve heard in the last few weeks, wrangling going on b
how tough is that to get through to to someone? because some just heard that and said wait a minute, he wants me to give up my house? you ve got to open your mind. i ve had a few family members of my own get their home foreclosed on. and my advice to them was don t fight it. they don t intend to pay the loan back, can t pay the loan back, let the bank take the home back and try to repair your credit. try to work out a deal with the bank so you don t have a deficiency judgment, and get your life moving again. otherwise what you re doing is, you re delaying for a year or two years the process you re going to end up being at anyway. does it feel like charlotte has gotten a bit of a double whammy, dealing with what every other city is dealing with, but also this town depends so much on the financial industry, on mortgages. so people are getting hit like everybody else, and then on top of that, this town depends on financing so much. it does. we have been hit hard, no doubt about it
immediately repayable? you have to pay it right away. you really, before you do any of these, especially the loan you want to feel good about your employment situation. if you lose your job, if you quit, or you are let go, you have 60 days, and that is it, not 61, 60 days, to pay that loan back, 100%, or it will count as a taxable distribution. the penalty, 10% penalty may apply, and there really is nothing you can do about that. if it goes past 60 days. jamie: taxed as if you had additional income and you have to talk to your accountant. last question, there has never been a better time to get a mortgage, the rates are low, there is a lot of houses on the market. if you take the money out, to put a down payment on a primary residence, is that a good idea? can it sometimes be a good strategy right now? well, you know, jamie, i think it is, because, let s remember at the end of the day this is just you know, this is another pool of your savings.
housing budget. give a salvo, return the punch and come back and be more progressive. why done you go back and look at all of the republican chipping away at the siegel act which caused the financial crisis. it is the [ talking over each other ] that salvo was unfair. he suggested that the republican party was not aware of what was going on. he can t blame he was aware of it. listen to barney frank. we need to have a solution here. sean: we are going to repeat you re wrong in stating where the problem came from. the problem came from this notion that everybody in america had a right to a house, whether they could ever afford to pay their loan back that s what the community reinvestment act was about. wait a minute, when it was investigated, republicans said we a big problem coming. democrats said johnson, they are all doing a great job they
give a salvo, return the punch and come back and be more progressive. why done you go back and look at all of the republican chipping away at the siegel act which caused the financial crisis. it is the [ talking over each other ] that salvo was unfair. he suggested that the republican party was not aware of what was going on. he can t blame he was aware of it. listen to barney frank. we need to have a solution here. sean: we are going to repeat you re wrong in stating where the problem came from. the problem came from this notion that everybody in america had a right to a house, whether they could ever afford to pay their loan back that s what the community reinvestment act was about. wait a minute, when it was investigated, republicans said we a big problem coming. democrats said johnson, they are all doing a great job they