The truth about HAMP

Servicers share blame for some failed loan mods

Over the course of President Barack Obama’s first year in office, one of the priorities of his government has been to stabilize the residential housing market. And there have been some signs of success such as home prices finally touching bottom in a number of cities across the country.

Despite these salubrious data points, it’s fairly obvious the residential sector remains troubled, as foreclosures and defaults continue to sweep across the nation. In short, more and more homeowners are still losing their homes.