by Moe Bedard on October 9, 2009 · 0 commentsin Government WASHINGTON -(Dow Jones)- The Obama administration’s loan modification effort is ill-suited to tackle the current causes of the foreclosure crisis, financial rescue watchdogs concluded in a new report.Meanwhile, the Home Affordable Modification Program, or HAMP, wasn’t designed to address these problems, nor is it geared towards averting a looming wave of foreclosures caused by resetting option adjustable-rate mortgages, they wrote.Read m
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Monday, November 30, 2009
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