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View Diary: Thank you President Obama (321 comments)

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  •  I don't understand what you are saying, (0+ / 0-)

    The recent article I read said, over 700,000 people who applied were turned down, or failed to receive a modification, however over 500,000 people recieved the modifications they sought under this program. I can not see how anyone can be worse off with a lower interst payment and more money going to pay off the principle on their home loan, unless of course they have lost their jobs since the modification. The reason for the three month trial period, if you can't make the lower payments during the trial period you simply don't qualify. I think that is a good idea, how many folks got themselves in trouble with high mortgage payments they could not afford. Losing your job after getting the modification is a whole other story. If that is what you are saying then I understand, if not, I don't

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