OBAMA’S MODIFICATION PLAN FACES BIG “HAMPS”

August 11, 2010 at 11:31 am Leave a comment

By: Maria Hass

Two months after President Barack Obama was sworn into office, he stood amidst thousands of people claiming that a government program was under way to help troubled homeowners stay in their homes and avoid foreclosures. The program was dubbed as “HAMP” – the Home Affordable Modification Program.
Click on this link to find out what HAMP has done to distressed homeowners: http://www.npr.org/templates/story/story.php?storyId=129011474
In the same story, a former Vice-President of Fannie Mae and Freddie Mac sues the lenders after the mortgage giant fired her for revealing that the big investors did not help troubled homeowners as they are mandated to do.

Entry filed under: Arizona Real Estate, Chandler Real Estate, Foreclosures & Short Sales, Phoenix Real Estate, Real Estate Deals. Tags: , , , , , .

WHAT IS THE SOLUTION TO THE HOUSING CRISIS? THE FUTURE OF FANNIE AND FREDDIE

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