Just like so many other Federal Government, Bail-Out Programs-This one was doomed from the start! Now it's a damned if you do-damned if you don't situation and the Tax Payer is picking up the tap. Will the Madness never end?
TARP Special Inspector General's Report Says HAMP is Failing
HAMP, Barofsky says in the report, “continues to fall dramatically short of any meaningful standard of success.”
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“…the so-called Home Affordable Modification Program yet again gets a failing grade,” he said. “What will it take for the Treasury to realize that serious changes must be made to this program? Homeowners are hurting and this program continues to do more harm than good.”