2009-02-20 — housingwire.com
Obama’s plan earmarks $75 billion to reach an estimated 9 million homeowners over five years. That’s $8,000 per borrower, broken down to $1,600 a year, to offset the cost of mortgage modification. Ross told CNBC’s Squawk Box this morning, “Does anyone really think that all that keeps 9 million people from losing their homes is $1,600 per year? I don’t think so.“
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