YES, HAMP WAS A FAILURE

As Atrios has pointed out, the HAMP program has done almost nothing for homeowners at risk of foreclosure.

Scarcity of jobs puts more at risk of foreclosure
Aug 26 01:54 PM US/Eastern
By ALAN ZIBEL and CHRISTOPHER S. RUGABER
AP Business Writers

WASHINGTON (AP) - One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce.

About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. That number, adjusted for seasonal factors, was barely down from a record-high of more than 10 percent as of April 30.