Is The Administration's Mortgage Modification Program Going To Be Enough?

This week, the Treasury Department announced that the administration's Home Affordable Modification Program (HAMP) "which is part of the larger Making Home Affordable (MHA) program" has resulted in lower monthly mortgage payments for 500,000 homeowners . According to Treasury, the program has hit this milestone three weeks ahead of schedule . While a half-million modifications is nothing to sneer at, as Mark Zandi of Moody's Economy.com said, it's a help on the margin, but it's not going

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