Friday, November 14, 2008

That $300 Billion Hope For Homeowners Isn’t Working - Realty Check with Diana Olick - CNBC.com

That $300 Billion Hope For Homeowners Isn’t Working - Realty Check with Diana Olick - CNBC.com: "Here’s the reality: In the last two weeks, FHA received exactly 69 applications to the H4H program. Since the start of the program, a little over a month ago, it has received 111. Now I’m no mathematician, but that doesn’t exactly extrapolate out to 400,000 over three years or even 19,000 over one year or even over a few months."
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OK--so can we have the money put back in the Treasury?

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