OCCUPY WALL STREET

[JAGG]

Originally Posted by Yellow band

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?

[Dominique]

Originally Posted by JAGG

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?

Just like you Jagg, I connected to a link that was giving it props, then I hit the bad press. I think due to the lack of co operation by the lending institutions and all of the the red tape involved, it only set people up for more disappointment. I'm hoping they shut it down AS IT WAS, revisit it,
and come back with something better, since MONEY is left. I also read this housing crisis is the worst since the depression. Let's hope they realize a little less restraints will help!