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Crossroads GPS: Says Obama broke his promise to help homeowners facing foreclosure.

Posted by Politifact.com Truth-O-Meter rulings from National On May - 25 - 2012 News Politics
The Truth-o-Meter says: Mostly True | Crossroads ad says Obama has failed to stem foreclosure crisis

As the economic collapse began to threaten homeowners, presidential candidate Barack Obama vowed to come to their aid. "We must help the millions of homeowners facing foreclosure," he said on the campaign trail in June 2008. His plan called for changes in bankruptcy laws, a crackdown on predatory and fraudulent lenders and a $10 billion fund to help homeowners avoid foreclosure. With Obama seeking re-election in 2012, his record on the foreclosure crisis is under attack. The Republican group Crossroads GPS said in a recent television ad that Obama broke his promise to ...

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Read Entire Story: Politifact.com Truth-O-Meter rulings from National

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