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
- Tyler Perry And Byron Allen Are In Talks To Acquire BET From Paramount
- X Users Slam Tiny Harris For Posting $60K GoFundMe For Trey Songz’s Bodyguard Detained In Dubai
- Surviving Trump: Can Black And White Women’s Friendships Endure Another Trump Administration?
- Nia Long Isn’t Happy With How The Boston Celtics Handled Ime Udoka’s Cheating Scandal
- Lil Scrappy Opens Up About Bambi’s Steamy Hot Tub Kiss With Benzino During Carlos King Interview
