Is HAMP a failure?
Mortgage / Home Buyer News
"Failure" may be too harsh a word to describe the shortcomings of the U.S. Treasury's Home Affordable Modification Program, but HAMP hasn't exactly been an unqualified success either, judging by the Executive Summary of a 192-page report issued Dec. 14 by a Congressional oversight panel.
Here are three snippets, quoting directly from the report:
? The Panel
Source: Bankrate.com » Mortgages
Congressmen aim to kill HAMP
Mortgage / Home Buyer News
The debate over the success or failure of the federal government's Home Affordable Mortgage Program, or HAMP, entered a new phase two weeks ago, when Rep. Jim Jordan, R-Ohio, introduced a bill that would all but eliminate the entire program.
The bill, H.R. 430, HAMP Repeal and Deficit Reduction Act of 2011, would end any HAMP
Source: Bankrate.com » Mortgages