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Housing Plan Misses The Mark on Foreclosure Help

Obama announced his housing plan today and even mentioned that 50% of the foreclosures come from the subprime mortgage borrowers.

Yet when it came to discuss loan modifications for subprime loans, the plan contained no "mandatory" compliance which is simply the Bush attitude revisited. I wrote a detailed critique called..

Obama Housing Plan - More of the Same for Subprime Borrowers

Click over and read it!

Posted by Rob K. Blake, "The Mortgage Insider" on 02/18/2009 04:03 PM

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Loan Modification in the Mortgage / Finance Channel

housing plan, obama, suprime mortgage borrowers, loan modifications

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