Bipartisan lawmakers slam the government's Making Home Affordable Program at this morning's...

|By:, SA News Editor

Bipartisan lawmakers slam the government's Making Home Affordable Program at this morning's hearing, calling it an "abject failure" and expressing "great frustration" with efforts to impact the foreclosure crisis. Critics have ratcheted up attacks on the scheme, which they say is ill-suited to address the true causes of spiking foreclosures: negative equity, high unemployment and resets on adjustable-rate loans.