Propublica

Local News
9:54 am
Mon October 10, 2011

ProPublica Finds Fed Loan Modification Program Oversight Ineffectual

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As part of a program to help homeowners avoid foreclosure, the federal government created a program to subsidize loan modifications by lenders. The Home Affordability Modification Program is funded by tax-payer dollars, but a new report from the non-profit journalism organization ProPublica says government oversight for the program has been ineffectual and weak.

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