Huh?? so when you hand out money, there is fraud, novel concept...so this is one of the many failed taxpayer fund programs destined for the same fate... Let the whole thing crash, and let the market bring itself back up with stable people with gainful employment who can pay, instead of adjusting grossly over inflated mortgages for people who cant keep up... We all cant and shouldnt be able to live in a house, I just bought my first house at the age of 33 last year, until then boys and girls it was 1 room apartments... "A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.Many borrowers complained that the banks lost their documents. The industry said borrowers weren't sending back the necessary paperwork." http://finance.yahoo.com/news/Borro...01.html?x=0&sec=topStories&pos=3&asset=&ccode=
