It's not a subject the political press ever covers, but Obama's HAMP program was a complete failure. The people responsible should
lose their jobs.
The watchdog of the federal bailout efforts criticized efforts under the Home Affordable Modification Program (HAMP), saying the number of borrowers receiving modifications remains "anemic."
Special Inspector General for the Troubled Asset Relief Program (SIGTARP), in its quarterly report (download here), noted fewer than 400,000 permanent modifications through HAMP so far. As of June 30, a total 753,275 mortgages were being modified, either permanently or on trial basis.
