1 in 4 Got Mortgage Relief From HAMP

Just one in four of the 2.7 million homeowners who sought to participate in the Obama administration’s signature mortgage assistance program have succeeded in getting their monthly payments reduced.

The rest failed to qualify for the program or were disqualified after they were initially accepted into the program. . .

Well, at least this program cost only about $1 billion out of a projected $75 billion. Central planners must be disappointed. Here.

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