PHOENIX — Months after President Barack Obama came to Phoenix to announce his plans to fix the foreclosure crisis, some experts and homeowners say a key component of the program is not working.
“From the consumer’s point, it’s a failure,” said Kevin Hardin, Thomson Conant Mortgage Mediation Group Director.
Since the program was announced in February, Hardin’s group has worked to secure government loan modifications through the Home Affordable Modification Program for about 100 clients.
“We’ve not been able to secure a permanent modification for any of them,” Hardin said.
