Obama admin wants you to know they’re here to help with mortgage payments

Discussion in 'Politics' started by Doc91678, Dec 12, 2012.

  1. Doc91678
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    Doc91678 BANNED

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    The Obama admin wants you to know they’re here to help with mortgage payments​



    December 12, 2012
    by Erika Johnsen


    The Obama administration is launching a brand-new public service announcement to tout Treasury and Housing & Urban Development‘s joint initiative to help progress “the Obama Administration’s broad strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.” Via Politico:

    [ame=http://www.youtube.com/watch?v=DAJr2r-m2kE]Frozen - YouTube[/ame]​




    “While communities across the country are beginning to recover from an unprecedented housing crisis, too many families are still struggling with their mortgage payments and are unsure of where to turn for help,” said Treasury undersecretary for domestic finance Mary Miller in a statement. “Millions of homeowners have gotten help to avoid foreclosure since 2009. We want to make sure struggling homeowners know today that there are free government resources available to help homeowners avoid foreclosure.”
    ~~~~~​

    The ad emphasizes an Obama administration housing initiative called the Making Home Affordable Program that allows homeowners a way to lower their monthly payments, avoid foreclosure or temporarily suspend their mortgage payments.​

    “Making home affordable is a free government program.” Is that a huge, glaring red flag for anybody else? I realize that these are tough times and there are many people undergoing real material hardship, but remember what happened when decades of the federal government’s meddling in the housing market came to a head, just a few years ago? I believe we call that little ol’ occurrence, the financial meltdown. The feds’ housing-policy apparatuses are already in dire straits, and as much as Obama just loves to talk about ‘not going back to the same policies that got us here in the first place,’ he is remarkably committed to furthering the government’s self-imposed role in providing politically-edged financial services that the private sector is much better at administering.


    But that is not the whole story. Chapter 2 of the story is the “affordable housing” policies going back many years, spawned by liberals and progressives. ​

    [excerpt]

    read more at:
    The Obama admin wants you to know they’re here to help with mortgage payments « Hot Air
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Yea, right - mortgage relief checks returned 'Insufficient funds'...
    :eek:
    Mortgage Relief Checks Go Out, Only to Bounce
    April 17, 2013, When the bank account is running dry and the mortgage payment is coming due, the phrase “insufficient funds” is the last thing you want to hear.
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Obama. :lol:
     
  4. Avorysuds
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    Avorysuds Gold Member

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    If he didn't bail out banks people would be doing fine... instead Obama and Bush took the losses from the banks and dumped it on the middle class. Thanks Obama.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    And then their Bank charged them a Returned Check Fee right? You can't make that sh*t up! :D

    "Only in America!"
     
  6. ShaklesOfBigGov
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    ShaklesOfBigGov Restore the Republic

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    We don't need to make homes more affordable, we need educate home owners to make more affordable decisions. People need to educate themselves on the "types" of loans that are out there, live within their means, don't buy a bigger home than you can afford, and if times get tough you may just have to downsize into what you CAN afford (even if that means going into an apartment). The Federal Government simply can not look to bail-out every homeowner that happens to find themselves facing foreclosure. To do so creates a government that [cradles] its home owners into become the enabler of possible bad habits, and refuses to give home owners the right to take on some much needed "personal responsibility". Home ownership, after all, is a "choice" to make a personal investment for your life NOT to be seen as an entitlement.

    If the Federal Government desires to help, then government needs to create an encouraging environment that allows businesses the freedom to expand, invest in themselves, to create jobs in the private sector.
     
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  7. Katzndogz
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    Katzndogz Diamond Member

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    I hope it's not the California plan. The plan was for the state to seize the homes of anyone who was underwater whether or not the mortgage payments were current, and rent them back to the former homeowner until such time as real estate values rose. Then the hone would be put on the market and sold. The former owner could buy it back, but got no special consideration. The former owner was just another buyer. And, of course lost every cent he put in the home and didn't get any equity.

    My son remodeled his kitchen and put in a paved patio to bump up the value of his house so he wouldn't lose it under this plan.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    Failure is the best teacher. Hunger the greatest motivator. Businesses and individuals alike are best left the fuck alone.
     
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