It is called hope for homeowners.
To date here's what we have for your tax dollars being flushed down the toilet. ONE homeowner has been helped. This couldn't be worse if Acorn was running it.
Here's a little info:
We last wrote about the Hope for Homeowners program (H4H) just over a month ago, when we noted that after five months, the $300 billion program had helped exactly one homeowner.
How has it done now that it’s been in action for six months? No progress:
The Treasury Department also is attempting to breathe new life into another government foreclosure prevention program, called Hope for Homeowners. That program, launched last year, refinances homeowners into more affordable mortgages. But lenders have balked at requirements that they cut some of the principal that borrowers owe. Only one homeowner has received a government-backed loan under the program so far.
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