Housing: Washington Only Delaying Inevitable

"In simple English, HAMP (the Home Affordable Modification Program), announced with great fanfare and high expectations early on in the Obama administration, isn’t working, and so more of the same is required. The original intent of HAMP was to “better assist responsible homeowners who have been [negatively] affected by the economic crisis through no fault of their own … and to help more people who owe more on their mortgage than their home is worth.”"