Obama Plan Needs Help

This article backs up my comments on my last post about more helping being on the way, don’t get too excited.

 

“Even Obama acknowledges that the program is failing to stem the foreclosure tidal wave.

“Our mortgage program has actually helped to modify mortgages for a lot of our people, but it hasn’t been keeping pace with all the foreclosures that are taking place,” Obama said last month.

CNNMoney.com has heard from hundreds of troubled homeowners who’ve run into roadblocks. The complaints are often the same: a lack of responsiveness by servicers. “

http://money.cnn.com/2009/07/07/news/economy/Obama_mortgage_plan/index.htm?section=money_realestate