I'M STARTING TO SEE A PATTERN

Pres. Obama doesn't really seem to be aware (I'm being polite) of not only what he's said to us, he's also apparently been unaware of how homeowners still can get screwed. (h/t Atrios)

Homeowners often rejected under Obama's loan plan
By Kevin G. Hall | McClatchy Newspapers
Posted on Thursday, December 17, 2009

In the fine print of the form homeowners fill out to apply for Obama's program, which lowers monthly payments for three months while the lender decides whether to provide permanent relief, borrowers must waive important notification rights.

This clause allows banks to reject borrowers without any written notification and move straight to auctioning off their homes without any warning.