Details: Obama Housing Bailout Seeks to Help 9 Million Mortgage Debtors

CNN is reporting on the President's plan for "troubled" mortgage debtors, though Mr. Obama hasn't yet given his speech in Phoenix. Our comments are italicized:*Helping borrowers who owe more than 80% of their home's value to refinance and reduce their monthly payments - Many borrowers owe more than 80% of their homes value since they put no money down AND the value of their homes has dropped.*