Obama's Foreclosure Plan

Despite getting plenty of leeway from a nation that has a lot on its mind, the Obama administration is falling flat when it comes to it its anti-foreclosure efforts.

People are starting to notice.

HAMP (the Home Affordable Modification Program) is still in the dog house. At this point, the effort should, by estimates that helped launch the program with much fanfare, have helped almost four million homeowners.

Take a guess at how many it has actually helped complete loan modifications? 1 million?

Nope, you’re still too high. Only a paltry 587,000 U.S. homeowners have managed to evoke the aid of HAMP to restructure their loans.

That leaves a lot of homeowners without a roof over their heads.