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A big jump in the number of homeowners who owe more on their homes, 27 percent of single family homeowners with mortgages had negative equity, more than 15 million homes underwater, an increase of nearly two million from the previous quarter. that report indicates that a third of all homes sold at a loss in december, a third, and now from fox business, our reporter. why is this happening now when the stock market is doing so well and the economy is improving? reporter: the stock market is a leading indicator of everything so the stock market is six months ahead of the rest of us, and the whom prices may not come back until the third or fourth quarter. you have the foreclosure moratorium, so you had bank of america, particularly, because of of the document mess stopping foreclosures for a period of time, and you also have unemployment that is still incredibly high. although you have an economy and market that is coming back, you have unemployment at 9 percent and the numbers we got las ....
The attorney generals wanted to mortgage foreclosure moratorium. i don t see holder, the u.s. attorney general part of this. and i believe that is a move and so do they. the wall street firms say that is a sign he is coming back in their camp. neil: not what you say, but what you do. thank you, charlie. you don t get it, you don t get it: demand it. what would bill do? the former president is not talking how he would have avoided the health care mess but the health and human services secretary is. secretary is. next. enbrel can help relieve pain, stiffness, fatigue, and stop joint damage. because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events ....
Proceedings begun over the summer. so the number for the past year is much larger than that. much, much higher and that s harry reid s problem. ilk this, he s trying to say, well, maybe we should have how do you put a happy face on that ? we should have a foreclosure moratorium. he s saying that. because it may benefit him locally but nationally, it s very bad news for the housing market, for the taxpayer, for the banks, for everybody else. so that was my next question which is what we ve debated on this show before is do you help the entire economy when you save these people who are underwater in their homes and your answer is? my answer would be in my opinion, no, you do not. you help those people that can sit in those homes, that s for sure. overall, we all lose. in my opinion, you have to let the market act. and have a sweep. what s coming up on your show? we have juan williams looking at the attempt to produce a bbc in america on ....
They are not calling for a nationwide foreclosure moratorium. the hud secretary said that would do more harm than good. he s right in a lot of senses. you don t want to stop the process. you need to clear the foreclosures through whatever the paperwork issues. and i don t mean to diminish those, the bulk of the borrowers aren t paying mortgages. they need to be processed and the houses need to get on the market and sold to folk who is can afford it so the market itself can recover. so the question is, if you re not going to do a national foreclosure moratorium, then what do you do? well, the administration is trying to push more modifications. get the banks to modify the loans so you can keep the people in your homes and you woentd have these foreclosures on the market. modifications have not been successful. we re seeing a 45% success rate on the government s modifications so far. explain to people where they can turn for the reliable help they need on the issue. it is daunting to g ....
Quote, disfigure their ministry. still in his open letter written to men studying for the priesthood, he insists that becoming a priest is good and that celibacy makes sense. advocates for alleged abuse victims say his message minimizes the crisis. also in europe, it is on high alert for terror attacks. officials say al qaeda remains a serious threat on the continent and beyond. u.s., japanese and swedish officials are warning citizens against european travel. france was warned that citizens france has warned citizens about travel to britain saying a terrorist attack is, quote, highly likely. and the foreclosure moratorium is apparently over at bank of america. at least partially. the financial giant says it has reviewed foreclosures in 23 states where a court must sign off on the process and will restart it on 102,000 cases. the first new affidavits will be ....