Faltering HAMP Needs Greater Transparency And Accountability to Succeed, GAO Tells Treasury
July 30, 2009
While the mortgage industry is taking a lot of political heat over the early results from the Obama administration’s Home Affordable Mortgage Program, the administration itself bears much of the blame for the lack of success thus far, according to the Government Accountability Office. The GAO also said the Obama administration’s foreclosure prevention program may fall...