Report: Obama anti-foreclosure program isn’t making a ‘dent’

An AP report summarizes the finding of a congressional watchdog report on the Obama administration’s central anti-foreclosure effort (HAMP). The Congressional Oversight Panel doesn’t mince words, and says the Treasury, which is overseeing the program, has failed to bother to measure program results, making it “nearly impossible” to measure success (or failure) of the program. The report goes on to say the program “will never have the reach necessary to put an appreciable dent into the foreclosure crisis.”