Friday, October 07, 2011

Guide to Obama’s Floundering Foreclosure Programs

I knew from blogging occasionally on this topic that the results of Obama's foreclosure help programs were miserable, but I just had no idea they were this bad!

Making Homes Affordable 2009
The Home Affordable Refinance Program 2009
Emergency Home Owners Loan Program 2010
Housing Finance Agency Innovation Fund [billions to the states to figure it out]
Change bankruptcy laws 2011
Reduce principal on underwater mortgages 2011
Turn foreclosed homes into rental properties 2011

All have failed, or achieved so little they are laughable.

There are many links in this story which you need to read. Obama's advisors and Chicago carry-alongs are like kids in the U.S. candy shop.

Our Guide to Obama’s Floundering Foreclosure Programs - ProPublica

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