A government program designed to help millions of mortgage holders only ended up helping about 170,000 people, according to a report issued today by the government's own watchdog, who called the program "meaningless."
The Obama administration said a year ago that its program would help 3 to 4 million homeowners in mortgage trouble. Yet, 6.6 million American homeowners are now late on their mortgages -- a new record.
To date, only 168,000 have had their mortgages permanently modified.
The...
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