Loan Modification is NOT working as intended despite being touted as one of the most effective program of the Obama Administration »
Posted By altnrg 1 month, 2 weeks ago in NewsDespite being touted as the most successful among the Obama programs to help trim the number of bank homes for sale and stabilize the housing market, loan modification is still a long way to helping many distressed homeowners. In the third quarter, foreclosure activity across the country rose by 23 percent from the same period last year.
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Skeptic1 month, 2 weeks ago
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There are very few government programs that work as intended. Unintended consequences are the norm rather than the exception. Most government programs are "pie in the sky" wish lists looking for an Utopian solution.
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Any program proposed or sponsored by the government, and particularly by the current administration, should be viewed and approached with a great deal of skepticism. -
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