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People are losing homes in California. Right or wrong Obama gave this State $2 billion to save homes. Our chief executive, The Arnold, has waited a year and has not taken in a single application. In a whole year, Arnold has been asleep and Californians have lost their homes.
"Since February, the state-run finance agency has received nearly $2 billion from the federal government to help people like Chavarria avoid losing their homes. But nearly a year after President Obama announced the delivery of the first $700 million installment for the Keep Your Home California initiative, the Housing Finance Agency, which administers the program, has not taken applications or compiled a waiting list for qualified borrowers.
“It's terrible; usually government doesn't act the day after, but for it to take this long is surprising,” said Orson Aguilar, executive director of the Greenlining Institute, a nonprofit organization that promotes nondiscriminatory lending. “Had they put out the money sooner, it wouldn't have solved the foreclosure crisis, but it would have helped a few thousand families by now.”
He should have stopped making silly statements, smoking his cigars and instead worked. Homes were lost thanks to the Governor.
"Since the initial allocation of $699.6 million to the Housing Finance Agency in February, the Treasury Department has twice granted additional money to the state. In August, the agency received $476.3 million through an expansion of the Troubled Asset Relief Program's Hardest Hit Fund to support states with unemployment greater than the national average.
In September, the Housing Finance Agency received $799.5 million more to expand the program, even though the agency had yet to modify a single loan."
The legacy of Arnold: AB 32, illegal aliens, over $165 billion in deficits, high taxes, and $2 billion to save homes that he did nothing with. We have 13 more days of a Governor that took us from bad times to a Depression. He needs a rest. We need him to take that rest. My only hope is that the rumor is true that Obama is going to hire him for an environmental job. That is how we kill that agency, let Arnold run it.
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"Since February, the state-run finance agency has received nearly $2 billion from the federal government to help people like Chavarria avoid losing their homes. But nearly a year after President Obama announced the delivery of the first $700 million installment for the Keep Your Home California initiative, the Housing Finance Agency, which administers the program, has not taken applications or compiled a waiting list for qualified borrowers.
“It's terrible; usually government doesn't act the day after, but for it to take this long is surprising,” said Orson Aguilar, executive director of the Greenlining Institute, a nonprofit organization that promotes nondiscriminatory lending. “Had they put out the money sooner, it wouldn't have solved the foreclosure crisis, but it would have helped a few thousand families by now.”
He should have stopped making silly statements, smoking his cigars and instead worked. Homes were lost thanks to the Governor.
"Since the initial allocation of $699.6 million to the Housing Finance Agency in February, the Treasury Department has twice granted additional money to the state. In August, the agency received $476.3 million through an expansion of the Troubled Asset Relief Program's Hardest Hit Fund to support states with unemployment greater than the national average.
In September, the Housing Finance Agency received $799.5 million more to expand the program, even though the agency had yet to modify a single loan."
The legacy of Arnold: AB 32, illegal aliens, over $165 billion in deficits, high taxes, and $2 billion to save homes that he did nothing with. We have 13 more days of a Governor that took us from bad times to a Depression. He needs a rest. We need him to take that rest. My only hope is that the rumor is true that Obama is going to hire him for an environmental job. That is how we kill that agency, let Arnold run it.
More...