« Back to story "$1Billion Budget - Answer to Foreclosure Dilemma"

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nostalgia1 year ago

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FTA:
According to head of the Treasury Department’s Office of the Comptroller of Currency nearly half of the borrowers missed their payments again six months after they modified their loan term, an event that only proves Johnson’s statement that no one is acting to deter foreclosures.

If borrowers modified their loan and 6 months later missed payments, how will Johnson's plan help?? If loans are modified and borrowers still can't pay, Johnson's plan won't help them

$1 billion is a drop in the bucket
Home prices have to fall to the point where the middle class can afford them.
All of the "prevention" money is going to be thrown down the rat hole

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