Has the Making Home Affordable Mortgage Program Failed?
It seems to us like the Making Home Affordable Program simply is not functioning like President Obama and Tim Geithner planned. Tim Geithner just does not appear to have a grasp on regular American’s problem. There are just so many folks out there who are not getting help with their loans and they should not get any help from taxpayers to pay the mortgage. Having people stay in homes because they can now afford the new $1220 a month mortgage payment is ridiculous when they owe $275,000 on a home that is now worth $140,000. It will be generations before these homeowners will ever see anything near what they owe. The sooner these people wake up and move on the better. Stop hanging on to something that’s not going to happen. Just let the bank have it, walk away and be done. It still amazes us how so many Americans choose to stick their heads in the sand and pray to be saved by the mortgage gods known as the Making Home Affordable Plan and my tax money. Many of these same people would have
Related Questions
- Can I get a mortgage modification through the Home Affordable Modification Program (HAMP) if my loan is not owned or guaranteed by Fannie Mae or Freddie Mac?
- How Does a Mortgage Lender Become an "Approved Lender" for the Home Run 2 Grant Program?
- When does this Making Home Affordable Program program start?
