{"id":20867,"date":"2010-07-21T20:55:51","date_gmt":"2010-07-21T20:55:51","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/government_watchdogs_mortgage_program_is_not_working\/"},"modified":"2010-07-21T20:55:51","modified_gmt":"2010-07-21T20:55:51","slug":"government_watchdogs_mortgage_program_is_not_working","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=20867","title":{"rendered":"Government watchdogs: mortgage program is not working"},"content":{"rendered":"<p>Government watchdogs told a Senate panel Wednesday that the Obama administration&#8217;s effort to help homeowners avoid foreclosure isn&#8217;t working and that the Treasury Department has failed to fix the program.<\/p>\n<p>Special inspector general for the financial bailouts Neil Barofsky said the program has not &#8220;put an appreciable dent in foreclosure filings,&#8221; during a Senate Finance Committee hearing on the $700 billion bank bailout. He also said the Treasury Department has ignored earlier demands that it set clearer goals for the program.<\/p>\n<p>Elizabeth Warren, who chairs a separate Congressional Oversight Panel on the bailouts, said Treasury&#8217;s failure to act more quickly could be hurting the recovery.<\/p>\n<p>More foreclosures could force down the price of homes and further hurt the already-ailing housing industry.<\/p>\n<p><a href=\"http:\/\/finance.yahoo.com\/news\/Bailout-watchdog-calls-apf-1527849934.html?x=0\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government watchdogs told a Senate panel Wednesday that the Obama administration&#8217;s effort to help homeowners avoid foreclosure isn&#8217;t working and that the Treasury Department has failed to fix the program. Special inspector general for the financial bailouts Neil Barofsky said<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=20867\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,600,616,151,667,586,596,584],"tags":[],"class_list":["post-20867","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-2009-obama-administration-housing-amelioration-plan","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20867"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20867\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}