Relevant:
- Oversight Panel Slams Loan Modification Program, but Highlights an Opportunity
- HAMP continues to underwhelm panel, Treasury defends 'new standard'
- Rep. Darrell Issa to introduce bill to scrap Obama mortgage modification program
- Panel Is Critical of Obama Mortgage Modification Plan
- congress: hamp will only prevent 700k foreclosures
2010-04-15 — 247wallst.com
"The Congressional Oversight Panel that keeps track of the TARP has a message for the Administration: The home loan modification program is moving so slowly that it cannot come close to matching the rate at which mortgages fall into default. In its April report, the body said that Home Affordable Modification Program was not working."
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