Second Mortgage Modification Program

For more information, or to find out how you might be able to benefit from the Making Home Affordable program, please visit www.MakingHomeAffordable.gov.

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Opening Statement of Gene Dodaro, Acting Comptroller General, at hearing before the House Committee on Oversight and Government Reform on March 25, 2010, on mortgage foreclosure prevention challenges. Testimony title: Troubled Asset Relief Program: Home Affordable Modification Program Continues to Face Implementation Challenges Get the full testimony: www.gao.gov Learn more: www.gao.gov Disclaimer: The US GAO does not promote or endorse any non-Government or commercial content appearing on this page.

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President Obama recently announced that his housing initiative was ready to expand to include second mortgage modifications. The Administration believes that ensuring a homeowners ability to stay in their home is critical to stabilizing the housing market. Once thats achieved, the logic is that the overall financial system will recover in turn. Join Thomas Fox, Cambridge Credit Counselings Community Outreach Director, as he discusses the changes to the Making Home Affordable program.

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