HAMP Dropout Rate Nearly 50% : Treasury
August 20, 2010 at 16:42 PM EDT
The percentage of homeowners dropping out of the Obama administration’s premier housing rescue program rose in July to nearly half of participants. In its monthly report on the Home Affordable Modification Program [HAMP], the Treasury said 48.1 percent of the 1.3 million homeowners who started a mortgage modification through July have [...]