Its smoke and mirrors my friends just like the Hope for Homeowners that was supposed to help 400K people, in the end it helped 25.
My predication, this is round two of the same thing. A program for people in which it is very hard to qualify especially in CA and FL but it does make people think the government is doing something….
Also, it has to be a FNMA or FRE loan. Most of these loans were amounts under 417K.
Over and Over, its just another brick in the wall…and thought control…..
