Mar 302011

On Tuesday, the House voted 252-170 to approve a bill that would end HAMP two years early.  Obama has pledged to veto the bill.  House Democrats sent a letter to the Treasury asking for changes to HAMP to make it more effective.  In response, the Treasury pledged to being grading the top servicers involved in HAMP.  Wow.  I mean, that has to change everything, because servicers definitely care more about getting a good grade from Little Brother than they do about profits.

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