ABC reports on languishing foreclosure assistance program

A day after Gov. Chris Christie went toe to toe with an ABC News reporter questioning the governor on the state’s Homekeeper mortgage assistance program, the station came out with a story showing only $4 million of a total of $300 million has been doled out.

What’s more, only 498 families have qualified for assistance, while nearly 2,000 have been turned down.  The govenor attributed the low utilization of the program to a court-ordered moratorium on foreclosures. But ABC News points out that other states continued to distribute the money, which was given to the state by the federal government for use in mortgage assistance, despite the moratorium.

The story was first reported last summer by the Philadelphia Inquirer’s Matt Katz.

ABC reports on languishing foreclosure assistance program