Hope Now’s Successes May be Over Rated
April 2nd, 2008
According to a story written by Lynnley Browning in Wednesday's New York Times, Hope Now, the White House's initial answer to the country's mounting foreclosures, is failing to provide much help to struggling homeowners, largely because it is operated by the very people who caused the problem in the first place.
Everyday, she states, more than 4,500 people call Hope Now, but few of them appear to be getting the relief they are hoping for.
See also:
- Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report (July 17th, 2008)
- U.S. Jobless Claims Rise to 366K in Week Ending July 12 (July 17th, 2008)
- U.S. Housing Starts and Building Permits Soar in June (July 17th, 2008)
- Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages (July 17th, 2008)
- Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike (July 16th, 2008)