The complaints about the success — or lack thereof — of the Home Affordable Modification Program (HAMP) are getting louder.
By all accounts, the program is far less successful than government officials had hoped. Out of 1 million homeowners who received a temporary loan modification from their lenders, just 116,000 — or 11 percent — have received a permanent loan modification.
But the number of people who have received permanent loan modifications is probably only a small fraction of the entire number of people who either applied for a loan modification under the Obama plan or wanted to. The number is far short of the 4 million homeowners President Obama said would be helped when he announced the program.
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The GOP is going to eat them dems in elections for the next decade over crap like this.