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Barack Obama
Has the Barack Obama Foreclosure Plan Accomplished What It Has Sought to Do?
The Making Home Affordable Program, which is the official name of the Barack Obama foreclosure plan, has had mixed results in its efforts to prevent foreclosure for many homeowners in the face high unemployment rates and declining home values. Some contend that the President's program has made some inroads according to statistics reported during the last week of September 2009. Some argue that the Barack Obama foreclosure plan has been instrumental in the moderate drop in the number of foreclosure filings in some states and in the slower decline in home prices. However, many people still criticize the government's program because only a small percentage of the homeowners who are qualified for loan modifications have been accepted into the program.
The core of the President's plan is to take $75 billion from the bailout funds that have been approved by Congress for the financial industry and use that to help homeowners remain in their homes. The Barack Obama foreclosure plan has three main components and these are refinancing, loan modification, and more home loans. The first part of the initiative has the goal of assisting borrowers whose unpaid loans are bigger than the current value of their homes to get refinancing to minimize their monthly payments. For a person to be eligible under this component of the Barack Obama foreclosure plan, the loan amount that is not yet paid should not exceed 105 percent of the current value of the house.
The second component of this government initiative is designed to encourage banks to grant homeowners a loan modification to reduce their monthly payments so that they will not exceed 31 percent of the monthly income. Lastly, the Barack Obama foreclosure plan wants Freddie Mac and Fannie Mae to offer more home loans and therefore has provided these two organizations with $200 billion.
Many people have criticized the Barack Obama foreclosure plan for being unrealistic and not based on economic principles. However, the federal government remains optimistic about the plan and has been issuing updates on its progress. The US Department of the Treasury and the US Department of Housing and Urban Development have revealed during the first week of October 2009 that the plan has achieved a milestone that has been projected for November 1, 2009. They revealed that the target of more than 500,000 trial loan modifications has been achieved three weeks ahead of schedule. Therefore, it is still too early to judge whether the Barack Obama foreclosure plan is a failure or not in its goal of preventing foreclosures. For the scoop on foreclosure new stop by http://www.bestforeclosurenews.com
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Frequently Asked Questions...
If Barack Obama is found to not be a natural born citizen, would he still be sworn into office?
Considering the fact Barack Obama still has not produced a birth certificate, is it possible that when it is finally released (and shows that he is not a natual born citizen, which to me seems like the only reason to hide it) that he would not be aloud to be sworn into office?
Answer:
The Supreme Court has requested that Mr Obama present certin documents by/on december 1 2008
On am not sure what would happen
BUT
we have already one Supreme Court decision decide the presidential election
so we must believe that it can again
.
Constitution of the United States
Article. II. ,Section. 1.
No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President;
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Obama is NOT a natural born citzen of the USA
There is NO original documantation or copies showing Barack born at any hospital in Hawaii
.
The Image of Barack first Certifcate of live birth on politifact,snopes,factcheck and other websites
http://www.politifact.com/media/img/graphics/birthCertObama.jpg
http://www.snopes.com/politics/obama/citizen.asp
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This is a copy that politifact,snopes,factcheck and others recieved when Obama released his Birth certificate on June 13 2007
It was Photoshopped and has had the certifcate numbers blacked out,
had a embedded date of June 6 2007(in reverse)(slighty right of center near the bottom)
At the bottom it states very clearly ""ANY ALTERATION INVALIDATES THIS CERTIFICATE""
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Factcheck is funded by a company that Barack Obama was once on the board,Annenberg Foundation
Since Obama was on the board there is serious concern for conflict of intrest and fraud
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There is original documation of Obama's birth at the COAST PROVINCIAL GENERAL HOSPITAL in Mobasso Kenya witnessed by 3 people including Obama's kenyan grandmother who has testified on tape that Obama was born in Kenya
Here is a link to one of the videos with Obama's paternal grandmother
http://69.36.77.100/berg/obamabirth.htm
Lawsuit Info:
http://www.ireport.com/docs/DOC-123662/#
