Posted on 11/30/2009 2:42:09 PM PST by Nachum
The Obama administration today announced a new campaign to get mortgage companies to lower mortgage payments for struggling homeowners – and part of the strategy is some old-fashioned "name and shame." Share
To date over 650,000 homeowners have entered into trial modifications under the Treasury Department's housing relief plan – a ratio of about one in five eligible borrowers. But the administration – frustrated with the performance of mortgage companies thus far – will now try to ratchet up the pressure on servicers, especially with 375,000 of these trial modifications set to convert to permanent ones by year's end.
(Excerpt) Read more at abcnews.go.com ...
The list, ping
Oh! good old fashioned Gubmint coercion!
Half of these trial modifications have already re-defaulted.
“…Treasury Department’s housing relief plan…”
How’s that hope and change go’n with Bobo running the Clown Universe; and just think how well Government Medical Services relief plan will be run when the I.R.S. is managing everyone care.
meanwhile, back on the Kenyan ranch...
“Fannie Mae Delinquency Rate Up Over 300%”
http://www.freerepublic.com/focus/f-bloggers/2375596/posts
Medical insurance will be provided my Mutual Of Obama.
Is there anything available for me?
Yes, you will be punished for your good behavior. Higher taxes will be imposed on you because you did the right thing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.