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Thread: Gov't program only helps 31,000 borrowers so far

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    Gov't program only helps 31,000 borrowers so far

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    Dec 10 03:34 PM US/Eastern
    By ALAN ZIBEL
    AP Real Estate Writer
    WASHINGTON (AP) - Just over 31,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, a big setback for the government's embattled effort to stem the foreclosure crisis.
    Lenders say they are having a hard time getting borrowers through the trial period, which can last up to five months. Many homeowners who were given verbal approval for the program have not returned the necessary documents.
    Man, talk about change, I can here it jingling.
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    Re: Gov't program only helps 31,000 borrowers so far

    You man a government program isn't running like a fine tuned machine? Stop the madness!!!!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Gov't program only helps 31,000 borrowers so far

    Making homes affordable my ass.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: Gov't program only helps 31,000 borrowers so far

    Quote Originally Posted by Strucky View Post
    Making homes affordable my ass.
    Their mortgage payments are going to go down $5,000 a year. Their insurance premiums are going to go up $5,000 a year. They wn't be able to afford either one, because they just lost their job
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Gov't program only helps 31,000 borrowers so far

    he can't do anything right

    he never cared about the economy, he was more interested in extremist leftist politics

    rewarding his ideology and punishing his opponents

    he misrepresents

    he ad libs

    he's secretive, his health bill is STILL a mystery

    he bailed out the super rich and left everyone else to wither

    he doesn't understand the american people

    he doesn't know the difference between leadership and cheap, ordinary opposition politics

    he has no vision

    he's naive, inexperienced, trying to learn on the job

    he's the plaything of the putins and hu's and even ahmedinejads of this world

    i sincerely believe he can't do math, he's flummoxed by big numbers

    he turned over the physical crafting of all his legislation---health care, the stimulus, cap and trade, reg reform---to congress

    an astonishing lack of real input on the part of the white house

    he's totally incompetent

    he's the single worst politician at this level any of us has ever seen

    he's squandered everything, a mandate, a media, an entire world rooting for him, his historic and exciting triumph, both houses and 60 senators

    his entire agenda is gone

    the stimulus is an admitted failure---why do another, why do a jobs summit

    why not just stay the course

    why all the adjustments

    he's all over the place---in oslo he's a warrior, after hu he's a deficit hawk (except house and senate are both hurry hurry about to raise the debt ceiling), he mumbles about payroll tax holidays while squeezing benefit packages and medicare payroll in his health care

    he's indecisive and vacillating

    incoherent---his afghan plan is "exit," then "conditions based," then "transition"

    and now it's "glide path"

    reid won't say what's in the health care---all the senators are saying, how can we declare, we don't know what's in it

    how dare reid, after all we've all been thru over health care, come out tuesday and say---we've done it, we've got it, but i can't tell you what it is

    i could go on, believe me

    the most incompetent leadership this nation has ever seen

    at a time when america most needs lincoln's steady, certain, courageous hand

    hang in, friends

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    Re: Gov't program only helps 31,000 borrowers so far

    Quote Originally Posted by apdst View Post
    Their mortgage payments are going to go down $5,000 a year. Their insurance premiums are going to go up $5,000 a year. They wn't be able to afford either one, because they just lost their job
    All this program is doing is paying mortgage companies to screw over hard hit home owners.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: Gov't program only helps 31,000 borrowers so far

    Quote Originally Posted by Strucky View Post
    All this program is doing is paying mortgage companies to screw over hard hit home owners.
    That's right. The financiers aren't passing on that savings to their customers.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Gov't program only helps 31,000 borrowers so far

    obama's gonna have a BANKERS SUMMIT monday

    LOL!

    he's really gonna get in those bigboys' faces

    shake that presidential finger, wag that rushmore chin

    "you guys better freakin clean up your act, i'm the president"

    making it up as he goes along

    desperate, sinking, clinging to any splintered piece of plastic he thinks might float

    wall street is gonna laugh in his juvenile face

    rank amateur

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    Re: Gov't program only helps 31,000 borrowers so far

    As stated by The Prof Obama's and the Liberal's plans ans schemes have not one damn thing to do with solutions to real problems and or issues.

    For example lack of insurance for health care could easily purchased for those who don't have it for hundreds of millions less than the proposals demand.

    The cost could be reduced in part through tort reform and a revamping of Malpractice insurance.

    Many claim that Tort reform will have a tiny effect. B.S. doctors are leaving some forms of medicine because of the cost of malpractice insurance that is being driven directly by law suit costs.

    The Cash for Clunkers debacle was about pretending to do something and had negative long term effect on the auto industry and added to peoples debt, and took perfectly good cars off the road for no good reason. It sounded like a plan but since it was used for imports more than the big 3 it was a failure that cost over $24,000 per car to loan $4,500 per car.

    Now we come to this phony home loan situation. The lenders have been bailed out and now place obstacles in the path of those who need relief. They stall and use other tactics to keep from loaning the money they supposed to be loaning.

    The Congress caused loans to be made people who couldn't afford them in the first place and the mess has yet to addressed in a sound manner that will help to solve it.

    Everything as The Prof has said is right about Cap and Trade as well. It's about nothing to do with fixing anything except fixing it so we can never have economic recovery.

    We have got to have a REVOLUTION at the ballot box to take this nation back from the Democrats and Republicans and put it in the hands of people with solutions to the issues not lies and empty promises like Obama has filled so many empty heads with.

    We need a Conservative Take No Prisoners Party and use it to throw all the bums out, and put the Nation back under the control of the Constitution and WE THE PEOPLE!

    If we don't the NEO NATIONAL SOCIALIST/MARXIST are going to destroy us.

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    Re: Gov't program only helps 31,000 borrowers so far

    I never liked the mortgage forgiveness stuff. So I'm not sad that his program is failing there. Allowing people to buy more home than they can afford and then bailing them out is just as bad as allowing the big businesses to make bad decisions and then bailing them out. You shouldn't punish those that live within their means.

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