HASP: Treasury Still Trying to Disincentivize People to Work

by: Casey Mulligan

Treasury has been working hard this week to expand the number of households that would have no incentive to earn income, urging lenders to modify 500,000 mortgages according to its HASP plan.

HASP is the Obama Administration's plan to reduce mortgage payments for people earning less money, and insisting that people making enough to pay their mortgage keep paying in full.