03-14-2012 10:24 AM
Please, no more programs, your killing us!
5 Mortgage Relief Programs That Fell Short
HAMP: projected to help 3-4 million / actually helped 933,327
HARP: projected 4-5million / actual 1 million
FHA Short Refi Program: projected 4 million / actual 880
FHASecure: projected 80,000 / actual 3290
Hope for Homeowners: projected 400,000 / actual 764
03-14-2012 10:51 AM
Ha ha, good thinking Alex.
Except I'm sure we still had to pay for a few dozen $120,000 a year lawyers and bureaucrats to staff the efforts, plus all the glossy pamphlets mailed out, the official government forms printed up, et cetera. And do we imagine all the extra government help is going to lose their jobs now that it turns out they're not needed? I only wish.
03-14-2012 10:57 AM
My guess is it actually cost us as much as government has planned. I think all of those programs just ran out of money. I happen to believe that there aren't any government agencies that would leave money on the table.