Crossroads post says Obama enjoys didn’t stem foreclosures crisis
“We should instead enhance the an incredible number of home owners against property foreclosure,” he said toward campaign trail when you look at the . His plan expected changes in case of bankruptcy regulations, a crackdown into predatory and you may deceptive lenders and a good $10 million finance to assist property owners prevent property foreclosure.
With Obama trying to re also-election inside 2012, their record to your foreclosure crisis are lower than attack. The new Republican class Crossroads GPS told you for the a recent tv ad one Obama broke their hope to aid struggling residents. The newest ad reveals Obama claiming however assist them to and then press “BROKEN” into the display.
Your house Reasonable Refinance Program, or HARP, aimed to help people re-finance its finance on straight down rates of interest
PolitiFact examined brand new Crossroads allege and discovered you to definitely, in fact, Obama has received limited profits with his plans to simplicity the newest mortgage crisis.
“Really don’t believe there was much question, also from inside the administration, your (foreclosures assistance) applications overpromised and you may underperformed — embarrassingly therefore,” told you Ken Harney, exactly who produces a regular syndicated home column. Read more “Crossroads post says Obama enjoys didn’t stem foreclosures crisis”
