HAMP under fire despite signs of success

Critics: too few borrowers get permanent loan mods

Early data shows permanent loan modifications granted by lenders under the Home Affordable Modification Program (HAMP) are performing well over time, with nine out of 10 borrowers granted modifications still in the program nine months later.

But critics say far too few borrowers have been able to obtain permanant HAMP modifications, and that the Obama administration has been unwilling to recognize the program’s shortcomings.