|Recent Featured Videos and Articles||Eastern “Orthodoxy” Refuted||How To Avoid Sin||The Antichrist Identified!||What Fake Christians Get Wrong About Ephesians||Why So Many Can't Believe||“Magicians” Prove A Spiritual World Exists||Amazing Evidence For God||News Links|
|Vatican II “Catholic” Church Exposed||Steps To Convert||Outside The Church There Is No Salvation||E-Exchanges||The Holy Rosary||Padre Pio||Traditional Catholic Issues And Groups||Help Save Souls: Donate|
Obama Program That Hurt Homeowners and Helped Big Banks Is Ending
When President Obama announced the Home Affordable Modification Program, or HAMP, on February 18, 2009, in Mesa, Arizona, he promised it would assist 3 to 4 million homeowners to modify their loans to avoid foreclosure. Almost seven years later, less than 1 million have received ongoing assistance; nearly one in three re-defaulted after receiving inadequate modifications; and 6 million families lost their homes over the same time period.
Now the program is ending.
Tucked away on page 1,983 of the omnibus spending package, signed into law earlier this month, is the following language: “The Making Home Affordable initiative of the Secretary of the Treasury, as authorized under the Emergency Economic Stabilization Act of 2008 … shall terminate on December 31, 2016.”
Sign up for our free e-mail list to see future vaticancatholic.com videos and articles.