Obama To Homeowners: "Programs We Put Forward Haven't Worked At The Scale We Hoped"
"The housing plan we launched a couple of years ago has helped nearly 1 million responsible homeowners refinance their mortgages. And they're saving an average of $300 on their payments each month, $300, which is great. But I'll be honest, the programs that we put forward haven't worked at the scale that we hoped, not as many people have taken advantage of it as we wanted," President Obama said at a speech on a "homeowners bill of rights" in Falls Church, Virginia.
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