Chief of the Homeownership Preservation Office for the US Department of the Treasury Phyllis Caldwell says that through the Home Affordable Modification Plan has been efficient and prevented unfair mortgage modifications. (0:40)
Damon Silvers, a member of a Congressional oversight panel tasked with investigating the financial crisis, notes that 467,000 homeowners have been aided by the Home Affordable Modification Program but feels that it has not done enough when compared to the seven million who face foreclosure. (0:40)
Foreclosure, HAMP, congressional oversight panel in Audio Sen. Ted Kaufman (D-Del.), the chairman of the Congressional Oversight Panel, says there are vast differences between the Treasury Departments original plan to solve the foreclosure crisis and what that plan has turned into today. Kaufman says it now encompasses fewer homeowners. (0:42)
Congressional Oversight Panel Chairman and former Delaware Senator Ted Kaufman (D) uses the analogy of a baseball player who simply swings at any pitch to summarize the fact that simply offering three million homeowners mitigation in their mortgages misses the ultimate goal of saving them from foreclosure. (0:25)
Foreclosure, TARP, congressional oversight panel in Audio Former Special Master for TARP Executive Compensation Kenneth Feinberg agrees partly with the New York Times about his limited role in the economic process. (0:30)
TARP Congressional Oversight Panel Chair Elizabeth Banks testified Wednesday that the current problems small banks are facing with paying back loans will also create future problems for small businesses in the current state of our economy. (0:22)
