Promise
Launch a homeowner stabilization and foreclosure-prevention effort
Obama launched a much larger foreclosure-relief effort than the campaign proposal, but the homeowner-stabilization effort fell far short of its stated goals and did not prevent broad housing loss.
President
Barack Obama
Status
Failed
Topic
Housing / Foreclosure
Actions
2
Outcomes
1
Impact Context
Documented outcome directions: Negative.
Promise Text
Create a $10 billion fund to help homeowners refinance or sell their homes. The fund will not help speculators, people who bought vacation homes, or people who falsely represented their incomes.
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