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View Diary: Want to hear some GOOD news here about Obama's success in mortgage financing for once? (28 comments)

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  •  Certainly. (3+ / 0-)
    Recommended by:
    chuckvw, codairem, Woody

    Here you are, please do the math to get the figures for 2009,2010. (this report only goes through 2011 but 2012 was better than 2011)

    RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Year-End 2011 U.S. Foreclosure Market Report™, which shows a total of 2,698,967 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.
    Surely you understand the amount of pain to the families behind those numbers? To the kids,the parents,the grandparents,the friends and the neighbors? While the fact that HARP is working and helping to allay this situation is indeed a very,very good thing,making light of the real pain felt by tens of millions (whether they only got one foreclosure notice or if they lost their home) isn't any kind of good at all.

     

    "George RR Martin is not your bitch" ~~ Neil Gaiman

    by tardis10 on Wed Mar 20, 2013 at 07:42:43 PM PDT

    [ Parent ]

    •  I didn't make light of it. I disputed "tens of (0+ / 0-)

      millions".

      Your finding supports my position.

      I hate hyperbole and bullshit, frankly.  There is much of both on this site.

      "The way to see by faith is to shut the eye of reason." - Thomas Paine

      by shrike on Wed Mar 20, 2013 at 07:55:46 PM PDT

      [ Parent ]

      •  Cash to the banks moved faster (0+ / 0-)

        Compare the speed of the program to bail out debtors to the speed of programs to bail out banks. Obama's crack team of top officials (basically on leave from their Wall Street careers) were able to shovel out billions of TARP dollars to the Too Big To Fail Banks in a matter of days. But as you admit, it's taken years to get a few thousand bucks to members of a lucky slice of debtors.

        So it wasn't tenS of millions who were foreclosed upon. Whoppee. My back of the envelope calculations from that snippet suggests almost 10 million homes were foreclosed upon. Figure 2.3+ persons per household ... Your nitpicking over whether 10 million is like 20 million, or not, does not help your argument.

        You seem to be sweeping aside the horror of the problem for the many millions not yet helped by these slow-moving programs -- simply to support your sunshiny view. In other words, your quibble is hyperbolic bullshit, frankly.

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