HAMP, or the Home Affordable Modification Program, an initiative that the Obama administration has been pursuing recently, is missing quite a few of its intended marks. Like its name suggests, HAMP was intended to target 3 million struggling homeowners at risk of foreclosure by working with their lenders to lower or modify monthly mortgage payments so that these individuals could stay in their homes. Of course, like any program the government pushes, there are many flaws. HAMP is no exception.
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