Did you catch this on the news? So, far, only 25 Hope for Homeowners loans have closed in the ENTIRE country!!???!
Read the NPR article here
Seems to me that ~banking institutions~ received government funds without a lot of accountability. Why can't we be equally liberal when making "re-structure" loans to homeowners?
Example: One Hope program requirement is that homeowners prove they did not falsify any information on a previous loan application. I can't imagine what makes me think that probably no one asked AIG to prove they never fudged on any previously filed financial statements.
P.S. Here is a list of institutions that have received TARP funds