HAMP is not working, and probably never will
Mortgage Fraud News From MortgageFraud.org
The meltdown began with cowboy mortgages
Unemployment rocketed as the recession began to hurt
What is to be done, now that HAMP has run out of steam?
The American economic meltdown that spread to the four corners of the globe began quietly enough under the previous administration, and in terms of a policy ...
Source: Foreclosure Connections Blog Articles And Foreclosure Information
I think the HAMP has failed and that people will still lose their houses because a lot of the banks did not want to lend out the money to many of the consumers because they did not have near perfect credit scores. Those that do have near perfect credit scores are not in danger of losing their homes. So that means that most of these government programs were doomed from the start and the fact that Congress is so out of touch with the people they can not understand why it is not working.