The banks are not stepping up and making a high enough percentage of mortgage modifications permanent. Our firm represents many individuals on loan modifications and it is becoming increasingly difficult to successfully obtain favorable and permanent loan modifciations. The banks are giving these trial modifications, but then not making the loan modification permanent.

Many of our clients are working on them on their own and also having great difficulty.

Supposedly to try to stop the foreclosure problems, the Obama administration created the Home Affordable Modification Program (HAMP) last February.

What impact has HAMP made on the foreclosure problem?