Treasury Built Numerous Safeguards In HAMP To Avoid Foreclosure Says Official

At a hearing before the Financial Services Committee on foreclosure malpractice, Phyllis Caldwell, chief of the Treasury Department’s Homeownership Preservation Office, explains that the Treasury Department has taken many procedural safeguards in its Home Afforable Modification Program (HAMP) to avoid foreclosures. (0:55)

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