The Obama Mortgage Plan is simply not good enough after being unveiled 5 months ago. While people are faced with losing their homes and waiting for answers or action taken by counselors, the service providers of the Obama Plan has been slow to follow through on many cases. This is a case of mismanagement and execution of a good idea than anything else.
When foreclosures continue to outpace mortgage modifications and refinancing, the Obama Mortgage Plan needs to reevaluate the course of action.
http://money.cnn.com/2009/07/07/news/economy/Obama_mortgage_plan/index.htm
