Obama's Mortgage Reduction Effort Turns 4 — But Still Lags Behind

The Obama Administration’s Home Affordable Modification Program, or HAMP, marks its fourth year this month, with 856,154 households under “permanent” mortgage-reduction plans to help avoid possible foreclosures. But is has been a tough four years and the program continues to lag behind the initial goal of helping up to 4 million homeowners.

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'Too Big for Trial': Watch Regulators Be Taken to Task Over Lax Bank Settlements

It was compelling to hear Sen. Elizabeth Warren, D-Mass., already well-versed on the mortgage industry and the multibillion-dollar settlements, to grill the regulators that are suppose to protect consumers from the abuses of the biggest banks and Wall Street firms.

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