HOPE H4H PROGRAM NOT WORKING

By
Mortgage and Lending with AMERICAN AFFORDABLE HOMES

For those that are familiar with the Hope H4H Refi program that went into action on the first of October, it hasn't helped to much at all due to the fact that no mandate came with it. It seems to be a fully volunteer program and since banks aren't sure whether other banks are volunteering themselves it is waste for them to even pursue it so it hasn't actually changed anything...

Comments (1)

Richard Goates
Apex California Realty - Redding, CA
Broker 01251781

Yes indeed...it's sad to think that it could have helped so many people if the banks were made to get on board! It's like another law that isn't enforced...what good is it if it is not enforced?

 

Rick Goates

Nov 17, 2008 10:43 AM