Mortgage Modification Program's Definition of Success Called 'Essentially Meaningless'

The Obama administration's program to help struggling homeowners avoid foreclosure has posted "disappointing results" in part because its definition of success is "essentially meaningless," a watchdog said today in a new report obtained by ABC News. In his audit on the administration's $75 billion Home Affordable Modification Program (HAMP), bailout watchdog Neil Barofsky blasted the Treasury Department for he said were the shortcomings of the program. Specifically, Barofsky criticized the...Full Story
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