but there remain -- and to be clear, those 11 million are fannie mae or freddie mac bars that are under water. there are some additional barriers including homeowners that are above or did not get some of the same changes that were done for underwater borrowing. we believe that we ought to a take away the remaining barriers to allow the 11 million to be eligible. but then there are about three and a half million borrowers who don't have a loan with freddie mac or fha, because as i said happen not to be -- have a loan that has matured by one of those entities, they may have no ability to refinance. those three and a half million, the additional ones that create the proposal the president made today to open up. >> of we were saying several months ago, the changes that have been made, how many people might be reached now. >> this is one of the things i was very important. the american people who value. they want to be able to choose or refinance their mortgages. ultimately they have to make an individual personal decision. whether they learn about this program, we can't control completely

the problem is if you happen to have a mortgage that isn't a fanny mae or a freddie mac or fha mortgage, you're out of luck, and you may be doing everything right, paying your bills, but you can't benefit from what are today record low interest rates. >> tom: secretary donovan, with just learned this week that freddie mac has financial positions that profit when homeowners stay in higher interest rate loans. will this practice continue, even under fha administration? >> well, first of all, i was, as you are, troubled by this information, and the treasury department is working with the regulator of fanny mae and freddie mac to make sure that she's extras are fully looked at, and that there's a full accounting of what actually happened here and that we make sure it doesn't happen going forward. one of the these these allegations point to is that congress should act and require that whatever cop flicks there may be, whatever other interests, homeowners who are doing the right thing paying their mortgages have the ability to refinance, fanny mae or freddie mac mortgages or other mortgages.

and that is partly because the program whose only borrowers were guaranteed by fannie mae or freddie mac. the president wants all to be eligible for a federal refinance. >> and no more red train or -- tape or run around from the banks. a small fee on the largest financial institutions will make sure it doesn't add to our deficit. >> reporter: this is some proposed rules. borrowers have to be current on the mortgage with no more than one late payment in the previous six months, have a minimum credit score of 580 and meet fh align limits for the area. in addition, the program is for single family, owner-occupied homes. >> and i hope this will fly. >> reporter: he's with the northern virginia association of realtors with almost 28% of the d.c. homes under water, more than 89 national average, he said it's -- more than the national average, he said it's crucial to keep them from walking away. >> the important thing is that they stay in the home. >> and that price tag could be up to $10 billion paid by the pranks -- banks and that could be one big hurdle paid for by congress. this would be gr

a fraction of the 11 million homeowners now under water and no one whose loan is held by fannie mae or freddie mac. many consumer groups are supportive. >> i think this settlement has the potential to do some real good for american homeowners. it's not close to being enough but it's a step in the right direction. >> as the california attorney general praised the settlement, outside there were protests. other consumer groups and many experts say the banks got off easy. >> the banks come out the big winners because the costs they are paying are very small in terms of the damages that were done. >> the five banks together earned more than $46 billion in profits last year. yet under the settlement, they have to pony up $5 billion in hard cash. >> kristen welker reporting. more than half the settlement will go to the states of florida and california, with the housing crisis hit especially hard. under the deal, lenders may still face criminal charges over the way mortgages were packaged and sold. >>> still ahead on "way too early" tiger woods won a tournament last year, almost won last month, looking go

no one whose loan is held by fannie mae or freddie mac. many consumer groups are supportive. >> i think this had the potential to do real good for american homeowners. it's not close to being enough, but a step in the right direction. >> reporter: as the california attorney general praised the settlement, outside there were protests. other consumer groups and many experts say the banks got off easy. >> the banks come out the big winners because the costs they are paying are very small in terms of the damages that were done. >> reporter: the five banks together earned more than $46 billion in profits last year, yet under the settlement, they have to pony up only $5 billion in hard cash. in return for the settlement, administration officials say banks will be spared further state or federal lawsuits relating to servicing issues, but they can still be sued or prosecuted for abuses in originating or packaging risky loans. kristen welker, nbc news, the white house. >> with us tonight here in the studio is andrew ross sorkin of the "new york tim

the deal does not apply to homeowners whose mortgages are held by fannie mae or freddie mac. >> the school reopened today after the superintendent replaced the entire staff of the school. the decision followed the arrest of two teachers there, who are accused of sexually abusing students. parents say the superintendent went too far in removing all the employees. it is worth noting the superintendent of the l.a. schools is dr. john deasy, the former head of the prince georges county public schools. >> still ahead tonight, an i-team investigation. how metro is using decoys to stop thieves who are out for your electronics. >> a man led police on a chase first on the street, then on rooftops. >> and israelis are talking about an attack on iran. what they want the prime minister to think about madonna. we'll be right back. [ female announcer ] more people are using wireless devices in more ways than ever. and our networks are getting crowded. but if congress frees up more wireless spectrum, we can empower more people to innovate, create jobs, and put momentum behind our economy. and a spectrum

it only applies to loans that the banks hold themselves and not to loans held by fannie mae or freddie mac. roughly one million homeowners will be helped when almost 11 million mortgages are in trouble. then there's that $1500 payment to the victims of improper foreclosures. >> i felt like i got screwed. >> for jesse hen began who lost his home as he applied to refinance, $1500 is not justice. >> we kicked you out of your house but we've sold your house again now. so here's $1500 for moving out. that's terrible. >> but supporters of this deal say the biggest deal here are the loan reductions the banks have promised. if this works and a million homeowners are saved from foreclosure and resume a lower mortgage payment, the theory is everyone wins. wyatt andrews, cbs news, washington. >>> the no child left behind education law may be headed for a permanent recess. yesterday the obama administration granted exemptions to ten states. but another 28 have signalled their intention to try and leave the plan. the law was designed to use annual testing of children to improve math and reading skill.

allow almost all borrowers to refinance their mortgages, not just those with loans held by fannie mae or freddie mac, even those who owe more than their homes are worth. >>> the republican presidential frontrunners are heading west today, following mitt romney's convincing florida primary win last night. romney has the momentum, but newt gingrich remains confident. randall pinkston has more. [ cheers and applause ] reporter: mitt romney is on a roll, celebrating a double- digit win in florida. the former massachusetts governor says he's in a much better spot than he was 10 days ago. >> i have a good path ahead. i think if i can continue to connect with people, describing my message to get this country working again and to take it back from the big government folks that i think i become the nominee. >> gingrich resigned from congress in disgrace. reporter: romney and his supporters spent more than $16 million in negative ads after losing big to newt gingrich in south carolina. romney says his battle with the former house speaker is preparing him for a showdown with president obama. >> i know the pres

it only applies to loans that the banks hold themselves and not to loans held by fannie mae or freddie mac. roughly 1 million homeowners will be helped when almost 11 million mortgages are in trouble. then there's that $1500 payment to the victims of improper foreclosures. >> i felt like i got screwed. >> for jesse hennigan who lost his home as he applied to refinance, $1500 is not justice. >> we kicked you out of your house but we've sold your house again now so he's $1500 for moving out. that's terrible. >> reporter: still, supporters of this deal say the biggest deal here are these loan reductions that the banks have promised. if this works and a million homeowners are saved from foreclosure and resume some lower mortgage payment, scott, the theory is everyone wins, including the bank. >> pelley: but, wyatt, how does someone who is underwater take part in this money? >> reporter: scott, that's very complicated. two things we learned today. if you're a homeowner who is hoping for a principal reduction, you shouldn't just apply to your bank. this will probably take months. but you should

you've already lost your home all you're going to get is about $6,000. 60% of the loans are fannie mae or freddie mac. only 20% of the loans are covered by the settlement. >> i remember when the crisis began, there was discussion what to do. people felt like, people who could never have afforded this in the first place, who shouldn't have had a mortgage, who were using it as an atm, they shouldn't get benefit from bailout or any help. in this case are those foem folks going to be helped by this? what's the criteria, who's going to decide whether or not you're eligible? >> you have to be underwater on your mortgage, you have to have your loan from one of these five banks, and theoretically you should have access to this pot of money. $12 billion is for reworks on loans here in the state of california. it should help hundreds of thousands of people. and then there's hundreds of thousands more who are just going to get checks of about $2,000 because they were fraudulently foreclosed on. and the ceo of bank of america called this rough justice. it's hard for them to retroactively go back and figure out w

and what that means is that there are now about 11 million additional families, just with fannie mae or freddie mac mortgages who will have the opportunity if they choose to, to refinance. >> you were saying at the top, that basically, to make this the president's plan work, you're going to tell his financial institutions that they can't say no to refinancing? how do you actually, how does the federal government tell private institutions you can't say "no?" >> you misunderstood. >> you. >> sickle-family loans many this country are repayable. any homeowner already has the right -- if you've $300,000 on your house and it's a $250,000 house and you have $300,000, you can pay off your mortgage today, right? the issue is -- they can't get a new $300,000 loan. so what this man would do, the way it breaks through this barrier for these families is to allow them to refinance that loan to get a new loan that allows them to pay off their existing loan. there's nothing the existing lender can do today. we're not changing it. the existing lender today can't stand in the way of a family paying off their existin

plan is offering refinancing to homeowner was nongse loans and that means not guaranteed by fannie mae or freddie mac. the president says if current they deserve a better deal. in virginia president obama promised relief to homeowners unable to take advantage of lower rates. >> we need to do everything in our power to make responsible families whole again. >> and this plan? provide refinancing for nongse borrowers, stream line refinancing for all and give a chance to rebuild he cannity in homes by allowing them to choose between lower monthly payments or paying down principal. the speaker of the house dismissed this idea. >> none of the programs worked. i don't think why anyone would this think is going to work. >> it won't work unless the president can pay for it. he needs $5 billion to $10 billion. >> when this president tries today get the fee he couldn't. and back then, democrats controlled the house and senate. >> the fee isn't the central focus here, it's the proposal to allow the opportunity to refinance. >> the deputy director didn't want to talk about the banking fee but without it the plan

janet asks does the $25 billion mortgage settlement only apply to loans back bid fannie mae or freddie macwell, actually those two banks aren't involved -- not banks, lenders are not involved in this at all. the government is not in on it. there are five banks in on the mortgage settlement. they are wells fargo, bank of america, i believe we have a graphic for this. jp morgan chase, citi group, allied gnc and there are other banks expected to join in but not there yet. we're going to hear about some by the end of the week. as soon as we do, i'll let you know. our next question from joannea. she says i heard for people with underwater mortgages you'll get $17,000 taken off the principle. how will that help? figure are wrong. there is a lot of bad information out there. let me tell you there is not an actual dollar amount. bank as agreed to write mortgages down to or take away from. if you're already late with payments or if you're at risk of falling behind in the bank will consider writing down downs the principal, writing down the part to get you to a payment where your debt to income rati

provide refinancing for nongse borrowers are those whose mortgages are not guaranteed by fannie mae or freddie mac two is in the plan would stream line financing for all borrowers and three, it would give homeowners a chance to rebuild equity in homes by giving them a choice. either take lower monthly mortgage payments or... apply the savings to paying down the principle. this afternoon, house speaker john boehner poopooed the plan. >> none of the programs have worked. i don't know why anyone would think this next idea is going to work it won't work unless the president can pay for it. he's imposing a fee on the biggest banks to raise $5 billion needed but when proposing that fee two years ago he could not get it through congress, back then, deps controlled the house swaels as well as the senate. this afternoon, the deputy director of the president's council didn't want to focus on the problematic fee. >> the fee isn't the center of focus here. the focus is the proposal to allow responsible borrowers an opportunity to refinance, take advantage of low rates and save $3,000 are more per year on mort

if they haven't sold it to fannie mae or freddie mac, they could possibly get a right on. they own their mortgage and they would give you $2000. >> does this go to people who were poor -- who were foreclosed on or they over borrowed or they would have speculativeloans? >> all of this started with the issue of global signing. this is when the banks came forward and admitted that they had a legally foreclosed on people by having machines on their loan documents and said of getting the borrower to sign their loan documents. when we say people were wrongfully foreclosed on, they didn't sign the paperwork. if you were foreclosed on by any of these five bags during this three-year period, they are going to give you $2000 to make you go away. >> what about other practices, like i said, excessive fees or late payments that sort of once you slip it makes it impossible or the bank is not responding or willing to even -- >> that's all outside the scope of this. one of the things they held out for was to not give the banks blanket immunity from here on out. the obama administration wan

the next thing you need to know is whether your loan is owned by fannie mae or freddie mac. own and it will tell you where that is. there are links to the loan lookup sites. if you're owned by fannie or freddy, you are not eligible. the next thing you need to know is who do you pay your mortgage to. that is your mortgage servicer. if it's one of these five companies, then you are eligible for the settlement. maryland is getting almost $1 billion in settlement money, the sixth largest amount among the 49 states that signed on on to the deal. and the attorney general said the state and prince georges county were hit harder than most. >> the money will go directly to those who need it new and those who are victims in the conduct of the banks. >> reporter: the district of columbia is getting 40,000,480,000,000 will go to virginia. >> and for all of virginia and our economy, it will help us start to clear the market to get out of this, what we hope is the bottom of this housing plunge. >> reporter: the nationwide deal is to settle claims of abusive practices among the five largest

homeowners whose mortgages are held by fannie mae or freddie mac. i'm steve handelsman, news 4. >>> jurors got an eyeful today at the trial of the virginia lacrosse player charged with murder. 24-year-old george huguely arrived at the court huss for the second day of testimony. for the first time prosecutors showed jurors crime scene photos including photos of yeardley love dead in her apartment. jurors also heard graphic testimony from police and other first responders at the scene. love was hughley's ex-girlfriend and classmate. it's believed he beat her to death during a jealous rage in 2010. we'll have more on that story coming up in a live report from is that right lotsville. >>> a paramedic remain ms. the hospital in critical condition after falling from i-395 in a freak accident last night. joshua wise man, a seven-year veteran was responding to an emergency call when he fell 20 feet into a creek. news 4's tracee wilkins explains how this happened. >> reporter: we're standing underneath 395 where paramedic weissman fell. he fell in between th

help some 2 million americans, but it will not be any help to those who have loans with fannie mae or freddie mac. we're live, derek valcourt, wjz eyewitness news. >> thank you very much, derek. if you want to know if you can get help under the settlement, call the maryland hope hotline. the number is your screen there. and you can also get that information on our website, wjz.com. >>> a horrible head-on crash touched down on a busy baltimore county road. one woman is killed and another rushed to the hospital. wjz is live at perry hall, where mike hellgren just spoke to that survivor. >> this happened near the baltimore and harford county line. it is the second major accident we've covered here this week. and it has shattered several families. >> reporter: sky eye chopper 13 shows you the massive crash on bel air road and perry hall. it happened as snow was falling during the evening rush wednesday and killed 30-year- old amy marie tise. tracy fitzgerald was caught up in the wreck. her car hit. she is lucky to be alive. >> it is kind of surreal. i am struggling a little bit with why i'm the one p

but it will not help those who have loans through fannie mae or freddie mac. derek valcourt, wjz eyewitness news. >> derek, thank you. if you want to know if you can get help under the settlement, call the maryland hope hotline. the number is 887-462-7555. you can also get that information on our website, wjz.com. >>> sunshine melts yesterday's snow. outside tonight, we're enjoying slightly warmer weather and calm conditions. meteorologist tim williams and bob turk have a look at our temperatures and the final snowfall totals from our latest brush with winter. bob? >> let's take a look at temperatures this afternoon. very normal day, believe it or not. yes. temperatures right now, 43. normal high today is around 44, 45. 32 now in oakland. 46 in washington. 42 in ocean city. 43 right now is really 7 degrees warmer than it was yesterday at this time. 10 degrees warmer in washington. so yesterday afternoon, with the clouds and the rain and snow in the region. temperatures are generally in the 30s. speaking of the rain and snow, tim has a look at some of the snowf

if your loan was serviced through fannie mae or freddie mac, you do not qualify. check out the website nationalmortgagesettlement.com if you have any questions. checks probably won't even begin going out for another six to nine months and you will get an official letter in the mail before receiving any payment. >>> big changes to the no child left behind act. president obama is giving 10 states waivers freeing them of the strict requirements of that act. now the law requires all students be proficient in reading and math by 2014. the president's actions strips that requirement in exchange for a viable alternative. he says the goal of no child left behind is still attainable. >> we've got to stay focused on the goals, but we've got to do it in a way that doesn't force teachers to teach to the test or encourage schools to lower standards to avoid being labeled as failures. >> republicans were quick to criticize the decision by the president saying by granting the waivers and circumstance venting congress he's overstepping his authority. 28 other states and the distr

and if your mortgage is with fannie mae or freddie mac, you're not eligible, so it has to be a mortgaged and serviced by one of the five banks that are in the settlement. >> jamie: right. >> so, that, that's the first thing. the first limitation that you have. but also, 6 million mortgages in the country are underwater and underwater by an average of 50,000. 1 million people are going to get $20,000 to offset the amount they're underwater and not something that's going to make a huge difference, but it will help some people. again, it's not overtly costing the taxpayer so it's a good thing from that standpoint, but it's just another bandaid attached to a-- the symptom that we have, rather than addressing the real issue that people are in homes they can't afford. >> jamie: let me ask you this, i did the research and i saw the statistics. 25% of the people in this country owe more on their mortgage than their houses are worth. so, you said maybe this is a bandaid, maybe it's a good one. will help the people in that situation, but overall, do you expect the foreclosure prices to continue a

mentioned who don't know or are just learned for the first time their loan isn't guaranteed by fannie mae or freddie macy're wondering why they shouldn't have the opportunity to refinance. this should be simple and clear for all families who are responsible. and the cost, there could be a cost in bringing on, helping millions of more families. but it would be very good for the economy to help families with refinancing, and we're not going to make them pay for one penny of the taxpayer money. it just hits the largest banks. but if the speaker and other people want to support this refinancing package and they want to talk to us about ways to pay for it, of course, our door is open. we want to get this done. we want to create this eligibility for up to 14 million families because it's very important for the families to save 3,000 dollars, $4,000, $5,000 a year ongoing. it's going to be good. this really should be something we can work on together this year. >> gene sperling, thanks so much. and looking behind you, what a backdrop. it looks like a fake backdrop. i'm told it is the white house lawn. >>> up n

. >> the program would cover mortgages not financed by fannie mae or freddie mac.republicans on capitol hill are resisting the idea o because of what they say the costs involved. >>> how safe are those safety scanners you go through at airport security checkpoints? the federal government may soon launch an investigation to find out. maine senator susan collins could force the tsa to study the machines. the scanners are in about 100 airports nationwide and use low levels of x-rays on passengers as they pass through. the tsa insists the machines are safe, but opponents fear they pose a health risk. the european union even banned their use at european airports over concerns they might be linked to cancer. >>> our time right now is just about 5:21. let's get another look at the forecast. we had rain overnight, right, tom? >> have your umbrella handy. we've got a bit of break west of washington and up into shenandoah valley. out to the west there's another batch of rain about to move in. right now we still have lingering light rain in washington, southern prince george'

the other thing we have to do, jenna, i don't think he mentioned words fannie mae or freddie mac in that whole speech. let's not forget one of the triggers for the housing crisis, the reason a lot of these banks made these bad loans the government through fannie mae and freddie mac providing 100% guaranties of taxpayers that the money would be repaid. of course you've got a housing bubble. we've done nothing yet, you can tell i'm upset about it, because i think it is very irresponsible for the government to continue to allow freddie and fannie to act as they did in the late 2,000s. jenna: that is interesting point and another point for discussion who manages this program. how much taxpayer money is at stake? who qualifies, is there income requirement who qualifies for the plan? >> right. jenna: when they talk about the fee on bangs to pay for it and what does that do to the banks. >> one last point if i may. about 90% of the new mortgages being made right now, jenna, are still being guaranteed by fannie mae, freddie mac or the fha. so it is almost like we've learned nothing from this cri

it is structured to be resold to fannie mae or freddie mac. they are the ones who set the criteria.f there is a deficiency, that is where that lies, not the bank, okay? that is number one. second, we have a mortgage-based economy. they were sold and they were like gold. there were a lot of problems and dishonest dealings. number three, i have access to multiple listing services. there are so many short sales, you cannot believe. when we plebeian permission from the title company, we get the last three, four, or five years sales. people buy, refinance, refinance, buy properties come on and we were bailing those people out. when you make a contract, you say that you're going to do something. you are responsible for your actions. i am understand when people lose their jobs. that is absolutely something we cannot do anything about, but we should not be bailing these people out. there was a restoration trust back in the -- guest: the trust corporation. i should also tell you, i have personally been in the real- estate business for 30 plus years. my specialties have varied over the years.

the other sticking point is if your loan is held by fannie mae or freddie mac that's half of all mortgages held. it doesn't apply to you either. the bottom line here is with the settlement the hope is it will stop the housing market from backsliding further. time will tell whether or not it works. back to you. >> thank you. this video may have you worried that we are headed into an ice age. a government engineer caught this supposed woolly mammoth on tape in siberia. but they have been extinct for 10,000 years. skeptics say it's just a bear with a fish in its mouth or clever video editing. hmm. it's now 7:13. now back to ann, lester and al. let me toss this into the pot. a japanese researchers, they have discussed cloning the woolly mammoth. so riddle me this, batman -- >> ooh! >> it's from cloning. i'm convinced! >> just after this was taken he tripped on the loch ness monster. >> you can tell it's a fish. look close up. there's a separation. >> road trip! >> yay! let's go to siberia, ladies and gentlemen. i don't think so. let's let somebody else check it out. meantime a check of the wea

the big banks have the support of the government, whether they are the commercial banks or fannie mae and freddie mac otherwise in the small banks from 234 n a different universe they have to pay for failure. the big banks get bailed out. >> vern, i saw you have been raising the call about fannie mae and freddie mac years before those two organizations were major players in the housing bubble bursting and then the whole thing almost going down. then dodd-frank, the supposed solution to all of this totally i gue ignored fannie mae and freddie mac. what's your prescription to rectify that situation? >> i would certainly start to wind down fannie mae and freddie mac. they haven't been downsized at all since september 2008 when they were put in conservatorship. if you compare it to similar, they have had control of the trust corporation in the '80s, they immediately started downsi downsizing. they can put them in receivership. they can start doing that immediately. >> isn't the problem if they put them in receiver shship it will force a debt restructuring that will seize up the big banks? >> ip don't see

it's not a fannie mae or freddie mac backed loan. we're talking about a million people under water, there are 11 million under water. it won't be for everyone. >> are you putting this information everywhere. i'm confused. it goes quickly. >> i will put it on our blog so people can look at the "early start" blog. i want to be clear on what you should do. on the call yesterday with senior administration officials and housing officials they told us specifically that the banks know who in their books have the mortgages that absolutely meet all these criteria. the banks will be reaching out to people. >> we can trust that the banks will reach out to people? >> exactly. that's what i said. i think everyone who thinks you might qualify, needs to call your bank and do it quickly. they have agreed with the government they have got to be better in dealing with servicing. they have got to be on top of this. they have to be staffed enough to handle this. you reach out if you think you're due one of those payments, you were wrongly foreclosed on,

structured to to be resold to fannie mae or freddie mac. they are the ones that set the criteria. if there is a deficiency that is where it lies. it's not the bank. number two, we have a mortgage based economy, and those mortgages were sold, they were like gold. there were a lot of problems and dishonest dealing that caused part of the problem. number three, i have access to the multiple listing service. i have thousands of listings. there are so many short sales you cannot believe. when we pulled the information from the title company we get the last three, four or five-year sales and you will see people who've bought property, refinanced, bought property, refinanced, they were bailing those people out. when you make a contract, you say that they are going to do something. you are responsible for your actions. i understand people lose their jobs that's something we can't do anything about, but we shouldn't be bailing people out. there is a restoration trust -- >> guest: the resolution trust corporation. and i shall also tell you i've personally been the real estate business for 3

they've been broadly supported for families that have fannie mae and freddie mac or f.h.a. mornings. we ought to be the same thing. it's a simple matter of fairness. i think when folks in congress take a look at this, they will support it, as have a broad range of economists across the board who believe this is one of the most important steps we can take for the housing market and for the economy more broadly. >> woodruff: mr. secretary, what do you say to the argument from not only the speaker but other republicans, including those running for president, when it comes to the housing crisis in this country, the market ought to be allowed, in essence, to just bottom out, find out what the prices truly are of these housing properties. >> judy, let's be clear about what that means. if you have a family whose entire net worth is tied up in their home, who is going to be able to start a small business because of the equity they had in their home or send their kids to college, bottoming out means telling those families they can't send their kids to college, they can't start that

deuced if the loan is underwater but you will not be eligible if your mortgage is owned by fannie mae, freddie mac or a nonparticipating lendor in this deal. and some underwater loans will be eligible to refinance at a lower interest rate. again, fannie and freddie loans don't qualify in? case, there's a lot of criticism flying arnold because of this -- around because of this deal. some people are saying it's too generous, some say it doesn't go far enough. americans owe a collective $700 billion more on what their homes are worth and it only reduces this by $20 billion and doesn't help out many who are underwater. >> we were talking about maybe two million. but it's 11 million people who are in trouble and you were telling us earlier about the state of maryland really in trouble. prince george's county is going to take a hit with this. >> prince george's county has a really tough foreclosure problem. the worst in the state. maryland is actually going to get about $1 billion of aid through the deal and some are saying the foreclosure process is going to speed up because of this deal. that could hit a