Weekly Roundup – Massive Failure Edition

Remember that $300B program called “Hope for Homeowners” that was supposed to ease the foreclosure crisis by encouraging lenders to write down mortgages? Congress envisioned it helping upwards of 400, 000 troubled homeowners, but…

According to a recent report, the eligibility requirements are so strict that, in the time since it was established, only one borrower has completed the refinancing process with only 51 more in the works. Fail.

And with that, here are some recent articles that caught my eye…

That’s all, folks!

2 Responses to “Weekly Roundup – Massive Failure Edition”

  1. Anonymous

    I’ll quote Despair.com:

    Government – If you think the problems we create are bad, just wait until you see our solutions.

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