Ask An Expert: Does it Matter Under The Refinancing Proposal if The Property is Underwater?

June 19, 2012 | 1:18 | Public Domain

James Parrott, Senior Advisor for the National Economic Council, answers your questions on President Obama's homeowner refinancing proposal that aims to make it easier for millions of homeowners around the country to refinance their mortgages and save hundreds of dollars each month. It will cut through the red tape will be good for families, good for communities, and good for the country at large. http://obamawhitehouse.archives.gov/why-refi