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Old 10-09-2011, 09:41 PM   #209
JAGG
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Quote:
Originally Posted by Yellow band View Post
The Making Homes Affordable Act is over. Even after it was given an extension. The rules to qualify were so rigid, only 20% of the people who applied actually qualified. And,
60% of the money made available to help, went unused.

I was trying to find the link. I just read this yesterday. I was quite shocked to read it too. People were calling it the Obama refinance. Basically, lenders were under no obligation to co-operate, so they didn't. More of the same. I'll keep looking for the link
Heard about it on a radio commercial. I thought it was a new program of some kind. Didn't know it was old and useless. Wonder why they keep advertising it?
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