Congress

Where have all the advocates for mortgage modification gone? 

At a speech in Falls Church VA this week the President said that “hundreds of thousands of people have lost their home to foreclosure.” Is not the number more like 2.3 million? Does he not fully understand the gravity of the situation?  Even if he meant 999,999 he is still off by 66%.

Where have all the advocates from Congress and academia of a strong national modification effort gone? Why has the media stopped making the foreclosure crisis a major story anymore? Have things gotten better?