(Source: Los Angeles Times by Michael Hiltzik) The Home Affordable Modification Program has fallen far short of its goal of helping as many as 4 million borrowers. Rather than end HAMP, the government should change its focus to reducing the home loan balances of struggling people.
Almost anywhere you look, assessments of the state of the economic recovery are muddled — job growth is positive but fading, consumer spending ebbs and flows, corporate profits are surging but corporate spending is not. The exception is housing, on which everyone agrees.
Los Angeles Times by Michael Hiltzik
June 28, 2011 1:48 PM
To read more, click on this link.