Saturday, August 21, 2010

Nearly 50 Percent Leave Obama Mortgage-Aid Program

Nearly 50 percent leave Obama mortgage-aid program - Yahoo! Finance
Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out.

Many borrowers have complained that program is a bureaucratic nightmare.
They say banks often lose their documents and then claim borrowers did
not send back the necessary paperwork. Lesson: government programs are bad and don't work.

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