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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (120343)	12/21/2011 1:15:51 PM
From: MJ	2 Recommendations Read Replies (1) \| Respond to of 224751

HOW MANY AMERICANS HAVE BEEN DISPLACED BY OBAMA'S SIGNATURE HAF PROGRAM SINCE OBAMA CAME WITH HIS HOPE AND CHANGE? Congress and the Attorney Generals in all States of the USA should investigate Obama's "signature HAF program" . How many Americans have been taken in by the 'Servicers" who modify and lead homeowners down the primrose path of believing they will qualify under the Obama Signature Program. I believe that they will find that Obama's Signature Program has been responsible for a growth in the number of homeless Americans. I believe they will find that the program is designed not to save homes but to force the homeowners into foreclosures or short sales. HAF, Freddie and Fannie, BAC, WAMU, Chase, Citi------just the tip of the cause of the collapse in the housing market. The writer who reported the information should question the statistics and claims and investigate a little further. In reference to the following by Dow Jones By Jeffrey Sparshott Of DOW JONES NEWSWIRES "Mortgage servicers, meanwhile, in many instances looked to avoid taking possession of a mortgaged property, the report said. "Servicers continued to emphasize alternatives to foreclosure during the third quarter, initiating more than two-and-a-half times as many new home retention actions--loan modifications, trial-period plans, and payment plans--as completed foreclosures, short sales, and deed-in-lieu-of-foreclosure transactions," the report said. Mortgage servicers implemented 458,899 new home retention actions during the quarter, the OCC said. Still, the overall number of modifications was little changed from the previous quarter. *The Home Affordable Modification Program, the Obama administration's signature loan-modification program, saw modifications drop by 23%, to 53,941.* Krueger said HAMP is a good program but fewer and fewer borrowers are able to qualify for its strict criteria. During the past five quarters, servicers initiated more than 2.4 million home retention actions--889,990 modifications, 809,658 trial-period plans and 717,635 payment plans, the OCC said. "