Obama expanded a $50 billion mortgage aid program, showing a good thing that would help homeowners avoid a foreclosure if they don’t qualify for other assistance. The Obama administration knows that not every person who is behind on their loans will qualify for a modification. Officials estimate up to 4 million borrowers will get their loans modified, but in actuality it might in fact even be less than half of that. I think that this looks good for those who are struggling in these tough economic times. Although they did put themselves in the predicament we should still bail them out to help out our fellow citizens.
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