Bill Introduced to Eliminate HAMP
Reps. Jim Jordan (R-Ohio), Darrell Issa (R-Calif.) and Patrick McHenry (R-N.C.) introduced a bill to eliminate the HAMP program citing that “HAMP is a colossal failure”. This comes on the heals of another bill that was introduced to elimante funding to HUD.
It would appear to me that this is just “party politics” to keep the pressure on the Obama administration to do something about the government’s involvement in the housing market. As we all know, a report is expected out soon on Obama’s plan for Freddie and Fannie.
Apparently, the State of the Union address asking for party unity is an old mantra that is not playing well in Washington D.C. It oughta be intersting!
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