Special 350 Thousand Obama Modifications
346,000 Happy Borrowers – Obama Mortgage Modification
President Obama has helped 1.2 – 1.3 Million homeowners stop foreclosure and obtain a loan modification that allowed them to make home affordable. The President accomplished this with his mortgage assistance program known as HAMP or the Home Affordable Modification Program.
This program is of course part of the large housing plan known as the Making Home Affordable Plan. This is big news and all but it is not what I want to discuss in this post.
I want bring attention to the 350,000 homeowners with in the larger group of 1.3 million.
There is a segment of 350 thousand homeowners who were able to drop their mortgage payment by an average of 500 dollars.
That is a wonderful number for such a figure.
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