Obama’s HAMP Program a Stunning Success
Obama had lofty goals of helping 4 million Americans keep their homes with his Home Affordable Mortgage Program (HAMP).
Here are some quick facts:
HAMP modified 1.2 million mortgages (70% less than the target)
306,000 re-defaults
Another 88,000 at risk
The re-default rate is an alarming 30%
The re-default rate of those in since 2009 is 46%
http://www.freerepublic.com/focus/f-news/3047154/posts
he screws up everything he touches
Every time.