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View Diary: UPDAAAAATE!!!! Schneiderman is a lawyer, not a saint. (60 comments)

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  •  What are the reasons for the "delay?" (0+ / 0-)

    document it if you want to claim it's "well-documented."

    •  Obama's HAMP (5+ / 0-)
      HAMP is entering its third year since it launched in March 2009. The Treasury originally estimated up to $75 billion would be spent on HAMP with $50 billion coming from TARP funds and $25 billion from Fannie Mae and Freddie Mac for the modification of its loans. However, the Treasury revised the amount of TARP money expected to just under $30 billion.

      Of that, roughly 3% has been disbursed to participating servicers, investors and borrowers half way through the life of the program, Jones said.

      HAMP Spends 3% in Three Years

      How's that for a delay---leaving 97% of the funds unspent after 3 fucking years?  Tens of billions of dollars that could have helped people keep their homes, and Obama did nothing with it.        

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