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Paul Kiel reports: "Why has the administration's flagship foreclosure prevention program been so ineffective in helping struggling homeowners get loan modifications and stay in their homes? One reason: The government's supervision of the program has apparently ranged from nonexistent to weak."

Deborah Stockhammer was approved for a foreclosure prevention program called the Hardest Hit Fund, but says that her loan servicer has yet to accept the money to keep her in her home, 07/28/11. (photo: Bruce R. Bennett/Palm Beach Post)
Deborah Stockhammer was approved for a foreclosure prevention program called the Hardest Hit Fund, but says that her loan servicer has yet to accept the money to keep her in her home, 07/28/11. (photo: Bruce R. Bennett/Palm Beach Post)

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