Making Home Affordable Program – Government Omitted Information
The Government’s homeowner’s bail-out program “Making Home Affordable” reported yesterday that through October, 650,994 delinquent borrowers have received help. This represents 20 percent of those potentially eligible, according to the Treasury Department. That is up from 487,081 through September. Most are in the states hardest hit by the housing crisis. About 134,609 of those who have had loans modified under the program — typically through an interest-rate reduction — are in California and 82,614 are in Florida.
Interestingly, the government omitted information on how many of the 650,000 borrowers in this program are keeping up with the payments on their trial modifications. Is this just an innocent omission, or something more?
To add a balanced view to the government report, look at the LPS report below: Read more 
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