Watchdog: Obama Foreclosure Plan Leaves Many Out
(Yahoo/AP) — A watchdog panel overseeing the financial bailouts says the Obama administration’s flagship mortgage aid program lags well behind the foreclosure crisis and leaves too many families out.
Play VideoABC News – Mortgage Free in 5-7 Years?
The Congressional Oversight Panel says in a report released Wednesday that the administration projects only one million families will end up with lower monthly payments as a result of the program. The report says six million families are more than two months behind with their payments, and 200,000 more families receive foreclosure notices each month.
SEE ALSO
- From Basic To Bomb: 5 Ways To Elevate Your Sex Game This Summer
- Protected: The Sound Of Movement: Ledisi Reflects On The Power Of Protest Music And Self-Love In ‘The Crown’
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Terrence Howard Bashed For Rejecting Marvin Gaye Biopic Over Gay Kiss Scene
- 5 Beyoncé Hairstyles To Complete Your ‘Cowboy Carter’ Tour Look
