Removing the mortgage interest deduction would lower home prices, particularly at the high end, which would hurt current homeowners (including underwater borrowers), while making homeownership more affordable for lower-income households who might not have itemized in the first place.

FORBES: Capping Itemized Deductions IS Housing Policy

If you have a Fannie Mae or Freddie Mac backed loan securitized prior to June 2009 and you are current on payments and your loan is underwater, then bingo, you qualify.

FORBES: FHA Will Cost Taxpayers $150 Billion

Nationally, about 10.9 million homeowners, or 26% of all homeowners with a mortgage, were underwater (carrying bank notes worth more than the current value) on their homes by 25% or higher.

FORBES: Worst Of Foreclosure Crisis Is Over But Problems Remain

Direct current is ideal for moving power long distances and for moving power underwater or underground.

FORBES: Companies, People, Ideas

It's not unprecedented, and there's no current threat to water supplies, but officials are prepared to start building an underwater barrier to block the denser saltwater from moving further upstream, Corps spokesman Ricky Boyett said Friday.

CNN: U.S. drought biggest since 1956, climate agency says