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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Treasury Official: HAMP Is Key To Success In Fight Against Faulty Foreclosures

Phyllis Caldwell, chief of the Treasury Department’s Homeownership Preservation Office, tells the Financial Services Committee that the Home Afforable Modification Program (HAMP) is necessary in the effort against untimely and unnecessary foreclosure. (0:22)

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HAMP Offered Solutions For Troubled Homeowners, Claims Treasury Dept. Official

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)

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HAMP Has Been Good But Not Good Enough, Claims Oversight Panel Member

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)

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