President Obama reached out to the five states most affected by the housing meltdown Friday, but the gesture appears to be longer on promise than substance.
The idea is to set aside $1.5 billion in foreclosure initiatives for homeowners in Nevada, Michigan, Arizona, California and Florida. All have seen at least 20% declines in home values [...]
Obama’s Newest Initiative Helps … Well, A Few
1 Comment · Foreclosure Rates in USA, Preventing Foreclosure
Tags: bailout·foreclosure·foreclosure initiative·foreclosures·unemployment
Officials Say Foreclosure Bailout Plan Needs More Time!
No Comments · Preventing Foreclosure, Site News
As if we all didn’t already know this, Herbert Allison, who has been selected by President Obama to oversee the $700 billion bank bailout program, said the economic foreclosure bailout plan needs time to work!
Allison, best known for once leading the ill-fated Fannie Mae… wait… aren’t they part of this problem to begin with? I’m [...]