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Watchdog criticizes ‘hardest hit’ housing program

Posted on 13 April 2012

A $7.6 billion Obama administration program that targets areas especially suffering from the housing crisis is falling short, with the government spending only about 3% of money set aside for “underwater” mortgage borrowers and other problems, a watchdog report said.
The report released Thursday by the special inspector general for the 2008 financial system rescue criticized the administration’s “Hardest Hit” program, which President Barack Obama announced in February 2010………………………………………..Full Article: Source

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