House Finanacial Services Committee | FORECLOSURE FRAUD | by DinSFLA

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Save The Carrot Dangling of Failed HAMP, We Don’t Want It

Save The Carrot Dangling of Failed HAMP, We Don’t Want It


Don’t even want to waste any thoughts.

From BLOOMBERG

The House of Representatives voted 252-170 on March 29 to eliminate HAMP, which pays banks and mortgage servicers to modify monthly payments for delinquent borrowers. The program is President Barack Obama’s signature effort to aid struggling homeowners.

Last month Representative Patrick McHenry, a North Carolina Republican, called the plan an “epic failure.”

WE AGREE.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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BLOOMBERG | U.S. House Panel Votes to Abolish Obama Foreclosure-Prevention Programs

BLOOMBERG | U.S. House Panel Votes to Abolish Obama Foreclosure-Prevention Programs


The House Financial Services Committee voted to abolish President Barack Obama’s signature anti-foreclosure program, saying it failed to deliver the promised help to homeowners.

The panel voted yesterday along party lines, 32-23, to repeal the Home Affordable Modification Program, or HAMP, which pays lenders to rewrite loan terms to lower borrowers’ payments.

Representative Patrick McHenry, a North Carolina Republican, called the plan an “epic failure.”

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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