Congressional Oversight Panel StopForeclosureFraud.com control of the Ministry of Finance of the track Hamp foreclosure prevention programs to prevent the confiscation of property for much less than expected, but the Ministry of Finance may still take measures to help more homes to avoid directly released in 2010 on December 14, Thomas Seay Thomas_Seay@cop.senate.gov withdrawn 202-224-9979 Washington - U.S. Congress Surveillance Group, announced in December monitoring report, "Reading the Ministry of Finance for the prevention of exclusion."Since the band eight months of affordable home rehabilitation programs (Hamp), the final report from the Ministry of Finance has made minor adjustments in the program, but the change does not solve the fundamental problems the group. The group is now estimated that if current trends remain unchanged, only 700,000 Hamp to prevent foreclosures - much less than 3-4000000 foreclosures, the Treasury was originally intended to stop, much higher than 2012 in 8-13000000 fewer foreclosures. Although most HampThe dramatic lack of effectiveness in preventing foreclosures poor, the program has other visible defects. For example, although the group has repeatedly asked the Ministry of Finance does not collect and analyze data, can be explained by lack Hamp is, it's not even a way to collect data Hamp many additional procedures. In addition, the Treasury has refused to specify the target to measure Hamp significant progress, and that only the initial objective - to prevent the threeFour ...
Keywords: congressional oversight panel, Ted Kaufman, HAMP, FAIL, foreclosure fraud, foreclosures, MERS, treaur
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