margaret kelly from remax, you're on the front lines. done to keep people who want to stay in their homes in their homes, paying their bills, and not strategically defaulting or is it ever okay to walk away from your financial obligations to the bank if there's no hope, you're so under water, no hope you're ever going to get out of it? >> well, that's a moral and ethical question that i think each person has to address, but what we need to do is loosen up the jumbo mortgages and allow the higher-end mortgagies to be able to adjust their mortgages. it's interesting, you talked about it's the higher end. for those people with mortgages of 50,000 or below only 6% strategically default. if you are over a million dollars on your mortgage, 33% are strategically defaulting. >> why is that? >> because more than likely they've paid way too much for their home, they don't see that they're ever going to get out of the negative equity position, and they equity position, and they have, as you said, it is strategic. they have thought about it and said

david florist, margaret kelly, thank you so much for joining us. also jim carr, nice to see all of you today. and let's keep talking about this, so we can really understand what's happening in the housing market. it's so important. it is part of the american dream, no question about that. thanks, everybody. that's going to wrap things up for us this morning. but the conversation continue jos online. send me an e-mail, and find me on facebook and twitter @christineromans. i want to know what you think about the housing market, confidence, jobs, education, and the american dream. back now to "cnn saturday" for the latest stories making news. have a great weekend. >>> good morning. we are following several developing stories. right now in washington, d.c., the president summoning key congressional leaders to meet him there. that meeting expected to take place in one hour and it comes a day after the speaker, the house speaker, john boehner, walked away from the talks and it ended in a day with the two men going back back and forth in dual press confer