Rep. Darrell Issa to introduce bill to scrap Obama mortgage modification program

"Republicans have long targeted the Obama administration's troubled mortgage modification initiative as an ineffective government program. And now that they're in position to do something about it in the House, some longtime critics are moving to end it.

Rep. Darrell Issa (R-Vista), the new chairman of the House Oversight and Government Reform Committee, along with Reps. Jim Jordan (R-Ohio) and Patrick McHenry (R-N.C.), announced Friday that they were introducing legislation to repeal the Home Affordable Mortgage Program."