So much for change, America.
"$600m OK’d for foreclosure aid in 5 states" by Associated Press | August 5, 2010
WASHINGTON — The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.
The Treasury Department said yesterday that mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island, and South Carolina received approval. The states estimate their efforts could help up to 50,000 homeowners.
The administration is directing $2.1 billion from its existing $75 billion mortgage assistance program to a total of 10 states. Each state designed its own plan. The Treasury approved money in June for Arizona, California, Florida, Michigan, and Nevada.
The Obama administration has rolled out numerous attempts to tackle the foreclosure crisis but has made only a small dent in the problem....
In the latest package of aid, Ohio will receive $172 million. That could aid around 15,000 homeowners by helping borrowers pay their mortgage for up to a year while they search for jobs. It could also provide incentives for mortgage companies to reduce borrowers’ mortgage balances....
Here it has been three years and they are just getting around to that?
So WHERE did all the TAXPAYER TRILLIONS in bailouts GO?
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