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The bailout effort has been mixed at best, according to the report, with everything from ongoing bank failures to mounting job losses and foreclosures.
And in particular, a much touted effort by the Obama Administration to rescue struggling homeowners by paying lenders to modify loans has failed, and failed miserably, Warren’s report concludes.
Just 10,000 homeowners won permanent loan modifications – a big number if we were talking about foreclosure efforts in Massachusetts, but nothing in a country the size of ours.
Does that mean it’s time to ante up for a homeowner bailout?
Read more from Boston.com
