"More than 6 million Americans are behind on their mortgage payments or facing foreclosure. Housing prices have continued to drop, and many neighborhoods across the U.S. are filled with foreclosed homes.
What exactly has the Obama administration done in the face of such historic need? We’ve put together a guide to the administration’s major efforts to help homeowners, laying out the promise of each and how they’ve performed.
It’s a sobering list. President Barack Obama has called his approach to the foreclosure crisis one of his biggest mistakes dealing with the recession. Overall, the foreclosure programs have failed to reach more than a fraction of the homeowners they were designed to help"...........READ MORE
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