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Twice As Many Homeowners Kicked Out Of Obama’s Foreclosure Program As Given Relief

05/17/2010 6:19 pm 0 comments

Source: Shahien Nasiripour / The Huffington Post

More than twice as many homeowners were kicked out of the Obama administration’s signature foreclosure-prevention program last month as were granted permanent relief, new data released Monday show.

More than 123,000 homeowners were bounced from the administration’s Home Affordable Modification Program in April versus about 60,000 who were offered five-year plans of lowered monthly payments.

This is the first month since the administration started reporting cancellation figures that the number of canceled modifications outpaced the number of new permanent modification offers.

The number of canceled modifications skyrocketed 82 percent in April compared to March.

To read this article in its entirety visit The Huffington Post.

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http://friendswithbenefitsshow.com/?p=892 friends with benefits show » Blog Archive » Woman Loses Her Home Over a $362 Water Bill

[...] My respected friend Roland Martin recently wrote a piece about how the Obama foreclosure program is kicking out twice as many people as it’s helping. I certainly hope this isn’t the whole story, but at the very least, one would expect that if a government can come up with nearly a trillion dollars to bail out irresponsible companies, it can also come up with enough money to help people like Vicki Valentine pay their water bills. This is disgraceful. [...]
http://praisehouston.com/videos/djwiz/woman-loses-her-home-over-362-water-bill/ Woman Loses Her Home Over $362 Water Bill | PraiseHouston – Praise 92.1 Houston's Home for the Gospel Community

[...] My respected friend Roland Martin recently wrote a piece about how the Obama foreclosure program is kicking out twice as many people as it’s helping. I certainly hope this isn’t the whole story, but at the very least, one would expect that if a government can come up with nearly a trillion dollars to bail out irresponsible companies, it can also come up with enough money to help people like Vicki Valentine pay their water bills. This is disgraceful. [...]

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