ACORN Will Now Be the Chavistas …..
….. of foreclosures — with our money.
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UPDATE: House Republicans have a few reasonable questions for Mr. Obama (HT Michelle Malkin) –
1. What will your plan do for the over 90% of homeowners who are playing and paying by the rules?
2. Does your plan compensate banks for bad mortgages they should have never made in the first place?
3. Will individuals who misrepresented their income or assets on their original mortgage application be eligible to get the taxpayer funded assistance under your plan?
4. Similarly, will you require mortgage servicers to verify income and other eligibility standards before modifying mortgages?
5. What will you do to prevent the same mortgages that receive assistance and are modified from going into default three, six, or eight months later?
6. How do you intend to move forward in the drafting of the legislation?
