Will Obama's Mortgage Refinance Plan Be D.O.A.?

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All these people talking negatively about any opportunity offered to save a struggling America should be ashamed. I hope they are well-off as well as all their families and friends. There will be a reckoning one day, and us little guys may be on top. Hopefully at that time they won't be so uncaring as the ones on top now.

Herb Chambers of TX 11:17AM February 06, 2012

Owe over a million in mortages have 4 house can't refin a single one of them because none are FHA all houses are under water. Our Credit scores are in the 800's current mortage rates are 6% and 4.6% It would be wonderful to refinance maybe then we be able to afford to be a two car family. Hope Obama's plan becomes a reality.

jd of CA 8:26PM January 28, 2012

My home value dropped almost half. I'm still paying @6% mortgage every month. President Omaba, Please help... Please show people that people who take responsibility and doing right and keep working hard are saved at last!!! If you don't save like us, who hold this economy?

pom of CA 1:55PM January 27, 2012

Continued part 2
Our County , Union county in NC wont even adjust our taxable value to help with the decline in values but why would they, their just a government agency!

Saby Maras of NC 3:45PM January 26, 2012

I feel this needs to pass thru my wife & I are stuck with a BOA mortgage @ 5% from 2009 we tried to convert the mortgage over to another bank but by 2010 the property had already lost 15K in value due to the Foreclosures and people just selling off there houses fro what ever they could get for them. Now 2012 values are even lower bought out house for 180K now valued @ 155,800.00 Per zillow.com

Saby Maras of NC 3:33PM January 26, 2012

Congress needs to get this done. Homeowners are trapped and being held hostage by bondholders that are reaping the benefits of high yielding mortgage backed securities. If responsible homeowners had alternative options, privately held mortgage companies would quickly find ways to refinance these underwater mortgages for fear of losing these otherwise strong assets.

Underwater in MN of MN 5:24PM January 25, 2012