The government’s program to prevent foreclosures is falling far short of its stated goals, a congressional watchdog reported.
The Treasury’s Home Affordable Modification Program (HAMP) is likely to fulfill less than a third of its goal of preventing 3 million foreclosures, the Congressional Oversight Panel for the Troubled Asset Relief Program said, according to Bloomberg News.
“The program has…
Continue reading Panel: Foreclosure Prevention Program Had ‘Less Impact’ Than Expected
Panel: Foreclosure Prevention Program Had ‘Less Impact’ Than Expected originally appeared on DailyFinance on Tue, 14 Dec 2010 07:25:00.
Filed Under: Real Estate, Taxes, Credit