SkinsHokieFan Posted January 9, 2010 Share Posted January 9, 2010 I blame the GOP Source: Huffington Post Updated: 01- 9-10 02:13 AMAn Obama administration plan announced in April to help up to half of all struggling homeowners avoid foreclosure has yet to officially launch, the Treasury Department acknowledged Friday. In an e-mail to the Huffington Post, a Treasury Department spokeswoman confirmed that the eight-month-old program has yet to get off the ground as not a single mortgage servicer has signed a contract with the federal government for this particular effort. "We don't have any official contracts signed yet, but servicers are committing to the program," Meg Reilly wrote. "We have made enormous progress and continue to move forward with innovative technological development and program implementation and expect to finalize servicer contracts soon." But the country's biggest bank may be poised to finally sign onto the program. A Treasury official told the Huffington Post that Bank of America's new CEO, Brian Moynihan, re-committed to Treasury Secretary Timothy Geithner this week the bank's intent to join the administration's second lien effort. But for now, eight months after the plan's announcement, up to 1.5 million struggling homeowners are waiting for a program that's, thus far, stuck in the mud. Source: Huffington Post Updated: 01- 9-10 02:13 AM An Obama administration plan announced in April to help up to half of all struggling homeowners avoid foreclosure has yet to officially launch, the Treasury Department acknowledged Friday. In an e-mail to the Huffington Post, a Treasury Department spokeswoman confirmed that the eight-month-old program has yet to get off the ground as not a single mortgage servicer has signed a contract with the federal government for this particular effort. "We don't have any official contracts signed yet, but servicers are committing to the program," Meg Reilly wrote. "We have made enormous progress and continue to move forward with innovative technological development and program implementation and expect to finalize servicer contracts soon." But the country's biggest bank may be poised to finally sign onto the program. A Treasury official told the Huffington Post that Bank of America's new CEO, Brian Moynihan, re-committed to Treasury Secretary Timothy Geithner this week the bank's intent to join the administration's second lien effort. But for now, eight months after the plan's announcement, up to 1.5 million struggling homeowners are waiting for a program that's, thus far, stuck in the mud. http://www.huffingtonpost.com/2010/01/08/nearly-one-year-later-oba_n_416884.html Link to comment Share on other sites More sharing options...
Larry Posted January 9, 2010 Share Posted January 9, 2010 But wait. I thought the country was Forever Doomed because of the huge deficits that Obama was incurring because he was paying the mortgages of half the people in the country. Link to comment Share on other sites More sharing options...
techboy Posted January 9, 2010 Share Posted January 9, 2010 I vote that this thread contain only sarcastic cariacatures of the opposition's position. You guys have started well, don't stop now. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted January 9, 2010 Author Share Posted January 9, 2010 But wait. I thought the country was Forever Doomed because of the huge deficits that Obama was incurring because he was paying the mortgages of half the people in the country. I still blame the GOP Link to comment Share on other sites More sharing options...
Larry Posted January 9, 2010 Share Posted January 9, 2010 I vote that this thread contain only sarcastic cariacatures of the opposition's position. You guys have started well, don't stop now. Thanks. Nothing like an appreciative audience. (I thought we used to have a smiley that was taking a bow.) Link to comment Share on other sites More sharing options...
DjTj Posted January 9, 2010 Share Posted January 9, 2010 I vote that this thread contain only sarcastic cariacatures of the opposition's position. You guys have started well, don't stop now. Ron Paul never would have allowed this to not happen. Link to comment Share on other sites More sharing options...
Larry Posted January 9, 2010 Share Posted January 9, 2010 Ron Paul never would have allowed this to not happen. Subtle. I like it. Link to comment Share on other sites More sharing options...
Hubbs Posted January 9, 2010 Share Posted January 9, 2010 Damnit, Mark Brunell.... Link to comment Share on other sites More sharing options...
Prosperity Posted January 9, 2010 Share Posted January 9, 2010 I vote that this thread contain only sarcastic cariacatures of the opposition's position. You guys have started well, don't stop now. typical hack response Link to comment Share on other sites More sharing options...
Thiebear Posted January 9, 2010 Share Posted January 9, 2010 Maybe we have to spend 4 year paying for it... THEN, they will start it at 0 deficit over the first 4 years. Link to comment Share on other sites More sharing options...
DeanCollins Posted January 9, 2010 Share Posted January 9, 2010 Maybe the Gov. was waiting for greedy investors to let go of their properties first. Link to comment Share on other sites More sharing options...
IHOPSkins Posted January 9, 2010 Share Posted January 9, 2010 Maybe this "PIECE" of Journalism should focus on WHY mortgage servicers are not onboard??? Could it be more COERCION by the Government to make (or keep) BAD LOANS? Link to comment Share on other sites More sharing options...
Larry Posted January 9, 2010 Share Posted January 9, 2010 Maybe this "PIECE" of Journalism should focus on WHY mortgage servicers are not onboard???Could it be more COERCION by the Government to make (or keep) BAD LOANS? No, no, no. You're supposed to mock somebody else's position. ---------- Steenkin Liberal Media always making Obama look like The Messiah. Link to comment Share on other sites More sharing options...
daveakl Posted January 10, 2010 Share Posted January 10, 2010 maybe snyder could buy all the houses for the vet. min. plus incentives of course. I think this plan has a 33.3 precent chance of working, repeating of course. LEROY JENKINS!!!!!!!!!!!!!!!!!111 Link to comment Share on other sites More sharing options...
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