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

American

Trump Grump Whisperer
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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. :lol:
 
You man a government program isn't running like a fine tuned machine? Stop the madness!!!!
 
Making homes affordable my ass.
 
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
 
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
 
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.
 
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.
 
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
 
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.
 
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.
 
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.
Yeah, but look at the amount of money wasted on this BS.
 
Yeah, but look at the amount of money wasted on this BS.

How much did the program that was setup to allow homeowners to renegotiate their loans cost us?
 
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