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I am really going out on a limb here and will talk up some great success stories of the Obama administration (unprecedented I know).

Since 2009, almost 2.2 million homeowners have gotten HARP refis, the government says. On average, they're saving about $4,300 a year on home loans, Fannie Mae estimates.
http://www.usatoday.com/...

What, that is crazy you say.  Obama can't be doing this!  It is not reported by the "mortgage experts" here on DKos!

Well, it is true.

And guess what?

Almost 3 million more borrowers may be eligible for HARP, says Bob Walters, chief economist of Quicken Loans.

He says the biggest problem is that HARP had so many false starts, people don't pursue it, and they "believe it's too good to be true."

Will those refis vote in 2014?  I hope so!

The game is changing and President Obama is a winner.

I am not afraid to say it here - I am a proud supporter of President Obama.

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Comment Preferences

  •  But Krugman says he could do more (18+ / 0-)

    so he's a failure for our movement. Right.

    For the next 50 years Democrats will remember these Obama years with fondness, as none of our future presidents is likely to measure up to him in terms of grace and dignity, as well as the being the person who did most to defeat right-wing extremism, by showing Americans in a quiet but consistent way why we should head in a progressive direction as a nation. He's a hero in my opinion, and we shouldn't have to wait until he dies to express that.

    •  See, doc. There is no place for a realist like (9+ / 0-)

      you here.

      Idealists rule here.

      Obama is a stooge of the banksters because he won't perp-walk Jamie Dimon!

      You know the rest.

      "The way to see by faith is to shut the eye of reason." - Thomas Paine

      by shrike on Wed Mar 20, 2013 at 06:24:57 PM PDT

      [ Parent ]

      •  It's like the right's obsession with calling (3+ / 0-)
        Recommended by:
        shrike, gramofsam1, VickiL

        it the Democrat Party. Bankers must be called banksters now, or corporatists. Plutocrats is popular these days. Sometimes the more hardcore will use two or more of these terms together, as in "we live in a corporatist plutocracy".

    •  Every President (1+ / 0-)
      Recommended by:
      tardis10

      Is turned into more of an enigma into a man. Looking at the last few Dem Presidents, we have Clinton the great compromising pragmatist, Carter the principled champion for peace and human rights, Johnson the master negotiator and hero for civil rights and the safety net, Kennedy the bold inspirer who changed the national dialogue by a few speeches, (Truman actually isn't talked about too much, probably because of a general lack of lasting accomplishments in domestic policy), FDR the liberal hero, and at this point we completely ignore folks like Wilson, Cleveland, Jackson, and the terrible Democrats in between.

      Republicans are far more socialist than Democrats. Just because they want to redistribute the wealth upwards does not make it any better.

      by MrAnon on Wed Mar 20, 2013 at 06:47:22 PM PDT

      [ Parent ]

      •  Jackson was not a very liberal Democrat. (1+ / 0-)
        Recommended by:
        samddobermann
        •  Jackson was a populist (0+ / 0-)

          And a classical liberal. Many of his populist accomplishments (such as ending the national bank) were victories against the financial elite but resulted in industrialization being pushed back. Jackson also was a "democrat" (small-D) in the sense that he wanted to abolish the electoral college and have a direct popular vote.

          I'm not in any way excusing the atrocities committed under his administration and his successor against the Native Americans. And his era is so distant that comparisons to modern Democrats create anachronisms.

          Republicans are far more socialist than Democrats. Just because they want to redistribute the wealth upwards does not make it any better.

          by MrAnon on Wed Mar 20, 2013 at 07:21:16 PM PDT

          [ Parent ]

          •  A liberal would order the death of an (0+ / 0-)

            Indian family in order to send a message?

            •  Liberals are not incapable (0+ / 0-)

              of doing terrible things. Wilson and his predecessor Roosevelt were progressives, but they were also flaming racists, even for their time. William Jennings Bryan, a populist icon, tried to appease the Klan. FDR ordered the detention of thousands based on the country of their birth. Don't even get me started on Lyndon Johnson.

              Republicans are far more socialist than Democrats. Just because they want to redistribute the wealth upwards does not make it any better.

              by MrAnon on Wed Mar 20, 2013 at 07:36:19 PM PDT

              [ Parent ]

  •  No one's claiming HARP hasn't helped. (9+ / 0-)

    But the fact is it took the Obama administration until 2012 to come up with a program that could even hope to help a relatively large number of people, when the foreclosure crisis began before 2009 (when the Obama administration came to be).  Tens of millions of people felt the horrible effect of foreclosure and eviction before the administration finally put together something that would help more than a very small number of people.

    And HARP still doesn't do anything to help those not in the sphere of Fannie or Freddie.  It took a massive lawsuit and some state AG's standing tough (after the Obama administration wanted them to settle for much less) to get anything out of the big banks, and even then it was a pittance compared to how much was stolen.

    •  And, I will note (4+ / 0-)
      Recommended by:
      viral, elwior, codairem, Woody

      HARP doesn't help those who are in most need of help: those who have fallen behind -- even by a single payment -- in their mortgage obligation.

      To be eligible, HARP applicants must have loans owned or guaranteed by Freddie Mac or Fannie Mae, have less than 20% equity and be current on payments.
      •  They have other programs to help those who are (1+ / 0-)
        Recommended by:
        Woody

        behind in their payments, people whose homes is worth less than they owe, people who had harp but defaulted and more. The lack of programs is not the problem
        Through the site they have contact for a free counselor to help you know what programs you qualify for (toll free, 24/7, dozens of languages). They help you apply, help with forms etc.
        Also a walk through that shows which programs to look into...

        They have the  programs, they don't have the banks that cooperate, no mandate was put in that if a person qualifies they get it. There is no good or clear complaint process
        Banks often profit more by foreclosing and that is legal.

        There probably are so many more that could qualify if they only knew...and some more recent settlements have made banks a touch more cooperative. Also many mortgages are no longer covered in a credit default package where everyone but homeowner could profit with a default...

        But oh so many faced horror stories going through application process and getting screwed over. timmy g oversaw the formation of this and he was determined the banks not lose a dime..

        These depended on the niceness of big banks. Oh that's reliable. It could have been magnificent, made a huge impact.

    •  Would you substantiate this claim? (0+ / 0-)
      Tens of millions of people felt the horrible effect of foreclosure
      We can start there.

      "The way to see by faith is to shut the eye of reason." - Thomas Paine

      by shrike on Wed Mar 20, 2013 at 05:54:14 PM PDT

      [ Parent ]

      •  Certainly. (3+ / 0-)
        Recommended by:
        chuckvw, codairem, Woody

        Here you are, please do the math to get the figures for 2009,2010. (this report only goes through 2011 but 2012 was better than 2011)

        RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Year-End 2011 U.S. Foreclosure Market Report™, which shows a total of 2,698,967 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.
        Surely you understand the amount of pain to the families behind those numbers? To the kids,the parents,the grandparents,the friends and the neighbors? While the fact that HARP is working and helping to allay this situation is indeed a very,very good thing,making light of the real pain felt by tens of millions (whether they only got one foreclosure notice or if they lost their home) isn't any kind of good at all.

         

        "George RR Martin is not your bitch" ~~ Neil Gaiman

        by tardis10 on Wed Mar 20, 2013 at 07:42:43 PM PDT

        [ Parent ]

        •  I didn't make light of it. I disputed "tens of (0+ / 0-)

          millions".

          Your finding supports my position.

          I hate hyperbole and bullshit, frankly.  There is much of both on this site.

          "The way to see by faith is to shut the eye of reason." - Thomas Paine

          by shrike on Wed Mar 20, 2013 at 07:55:46 PM PDT

          [ Parent ]

          •  Cash to the banks moved faster (0+ / 0-)

            Compare the speed of the program to bail out debtors to the speed of programs to bail out banks. Obama's crack team of top officials (basically on leave from their Wall Street careers) were able to shovel out billions of TARP dollars to the Too Big To Fail Banks in a matter of days. But as you admit, it's taken years to get a few thousand bucks to members of a lucky slice of debtors.

            So it wasn't tenS of millions who were foreclosed upon. Whoppee. My back of the envelope calculations from that snippet suggests almost 10 million homes were foreclosed upon. Figure 2.3+ persons per household ... Your nitpicking over whether 10 million is like 20 million, or not, does not help your argument.

            You seem to be sweeping aside the horror of the problem for the many millions not yet helped by these slow-moving programs -- simply to support your sunshiny view. In other words, your quibble is hyperbolic bullshit, frankly.

  •  does HARP help for FHA re-fi's? nt (0+ / 0-)

    Republicans only care about themselves, their money, & their power.

    by jdmorg on Wed Mar 20, 2013 at 05:47:58 PM PDT

  •  Just got my approval last week (9+ / 0-)

    This was my third attempt at loan modification, over a 2.5 year period and I just was approved last week.  yay!

    My loan is not fanny/freddie so I was declined twice for hamp,  then when harp came through I was approved.  

    The whole process was obnoxious and I can see why people give up.  I had a co-worker who used to be a lawyer help me through it.  When I first tried to modify I was up to date and they declined.  When I stopped paying my mortgage they reached out to me for modification.  Why they wouldn't work with me in the first place when I was being proactive I will never know.

    •  Ditto my daughter. She'd been trying to refi (8+ / 0-)

      for the longest time and finally was able to do so all because of the HARP program - saving her and hubby LOTS of $$ every month and she is (and has been) singing Obama's praises.

      So, Shrike, she and hubby will definitely be voting in 2014! They would have voted regardless since they've not missed an election that I know of - and I'm always happy when they vote because they vote for the correct side.

      The world is not interested in the storms you encountered, but did you bring in the ship.

      by Hanging Up My Tusks on Wed Mar 20, 2013 at 06:23:07 PM PDT

      [ Parent ]

    •  J9... help (1+ / 0-)
      Recommended by:
      Woody

      I have a home I was forced to rent moving out of state for a job which is not Freddie/fanny either.  I have called multiple times about HARP and the AG settlement but wells Fargo still says I am ineligible.

      Are you saying I need to stop paying?

      •  phatcat, go up the ladder (1+ / 0-)
        Recommended by:
        Woody

        Demand to speak to someone who knows what the real criteria are that would usually be someone in underwriting.  

        The exact words I used were: "I need to talk to a decisionmaker, not a customer service rep. If you are not a decisionmaker, please refer me to someone who is."

        Keep trying. That particular lender will go a far way to try to keep you from being able to use the program, in my experience.

  •  There's almost literally a ton of great things (2+ / 0-)
    Recommended by:
    shrike, Lying eyes

    being done by this administration, but you're not supposed to know about them - you're supposed to obsess on what the Very Serious People tell you is the latest massive, imminent conspiracy to gitchee.  And things that aren't going right, you're not supposed to think about why or what to do about it, just accept the Very Serious People's narrative about who is to blame - which is never, ever, ever Republicans.

    Ask me if I'm afraid. I say, "Of course not. I'm a fool, and fools never die."

    by Troubadour on Thu Mar 21, 2013 at 12:26:16 AM PDT

    •  Well-earned criticism from the left (0+ / 0-)

      You can't conceive of legitimate criticism from the Left of Obama?

      The President is running a Repub-lite economic policy -- cutting government expenditures; slashing the jobs of hundreds of thousands of local, state, and federal workers; and reducing the deficit -- during a prolonged and severe economic slump. And meanwhile giving corrupt bankers a free pass.

      And you think anyone who criticizes Obama is spouting a Repub line?

      Gimme a break.

  •  We did a HARP refi (4+ / 0-)
    Recommended by:
    Vatexia, shrike, codairem, Woody

    We just completed a HARP refi with a large lender who shall remain nameless but whose initials are WF.

    I hate to tell President Obama but I can tell you why more people are not doing a HARP refi.

    WF personnel were very polite but the WF system did the following: made it look very simple at the outset and then introduced a lot more complications once we were in the midst of the process.

    It was very frustrating. I ended up having to submit tons of paperwork and complain my way far up the ladder in WF in order to get the loan done, and I'm sure most people would have given up and dropped it.

    The result will save us money and it cost us nothing, but the process WF used had me crying two or three times out of frustration. In the end I threatened the higher-up with going to the press and to my senators. That seemed to release the log jam.

  •  3 years ago (1+ / 0-)
    Recommended by:
    shrike

    http://www.dailykos.com/...

    I wrote the above diary describing my situation of benefiting from the president's policy.  I do not think the link will work.  But, I gotta tell you, every I make a house payment I think about the fact that the president's policy is saving me hundreds of dollars every month.

    "The opposite of faith is not doubt. It's certainty."

    by Simul Iustus et Peccator on Thu Mar 21, 2013 at 07:36:05 AM PDT

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