New documents obtained by ProPublica through the Freedom of Information Act provide new insights into what a complete disaster the Home Affordable Modification Program (HAMP) has been. HAMP was created with $50 billion from TARP funds and was supposed to facilitate mortgage modifications by reducing monthly payments for potentially millions of stressed homeowners. But the [...]
HAMP Suffered From Extremely Poor Oversight |
| By: Jon Walker Tuesday October 4, 2011 1:58 pm |



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