Nearly 50 percent leave Obama mortgage-aid program

Posted on August 20, 2010


Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States

Nearly 50 percent leave Obama mortgage-aid program.

Posted in: Democrats, Economy, Obama