The Real Deal Miami

HAMP, revisited

August 02, 2010 02:15PM

While the Home Affordable Mortgage Program has aimed to help refinance troubled home loans, many industry experts are frustrated by the system’s seeming inability to stem the rate of foreclosures across the country. In this report from MSNBC’s “The Rachel Maddow Show,” the program is referred to as a “failure,” as more homeowners struggle to make mortgage payments more than two years since the start of the foreclosure crisis was reported.