New Congressional Oversight Panel Report Focus on HAMP.

Web page for report is HERE; actual report is HERE. Finally, the executive summary is HERE. From the report:

The Panel now estimates that, if current trends hold, HAMP will prevent only 700,000 foreclosures -- far fewer than the three to four million foreclosures that Treasury initially aimed to stop, and vastly fewer than the eight to 13 million foreclosures expected by 2012.

On the Hardest Hit program the report says, 

The Congressional Budget Office (CBO) last month projected that Treasury will spend only $12 billion on all TARP housing programs, including HAMP and the Hardest Hit Fund, out of the $45.6 billion in TARP funds allocated for those programs. While the CBO did not publish a breakdown of how it expects the projected $12 billion to be divided between the
various TARP housing programs, if one assumes that the Hardest Hit Fund-recipient states will spend the $7.6 billion allocated to them in grants, that would leave only $4.4 billion to be spent on HAMP and the other TARP housing programs. [Editor's comment: HH would thus represent 63% of All TARP funding].

Originally created and posted on the Oregon Housing Blog.