Article 10 - payments if they complete mortgage...

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I. In Washington on July 21, 2010, The Congress has stated that the Obama administrations’ plan to help homeowners avoid foreclosure has fallen far short of its goals. This is because the Treasury Department has failed to spell out what its objectives should be. Only 390,000 homeowners have seen their mortgage terms permanently modified since the $50 billion program was announced in March 2009. The program offers mortgage servicers incentive
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Unformatted text preview: payments if they complete mortgage modifications, which typically involve reductions in principal or in the interest rate. II. This is another plan of which our president has failed at. Although most of his plans are successful, this is one problem that is important because families need to keep their home so they are not kicked out on to the street. President Obama must improve this plan in order to help these people in need....
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