Real estate practitioners mostly gave the Obama administration's Home Affordable Modification Program (HAMP) a thumbs-down, according to a report from Market Pulse Survey for Homes & Land.

Only 10 percent of the respondents - 51 percent of whom had been in the business for at least 10 years - believed the administration's program had done any good. Sixty-five percent said they didn't think the program was working; and the remaining 25 percent weren't sure.

Clearly respondents to our survey don't believe this program is helping to reduce foreclosures, says Eric Adair, business development analyst for Homes & Land.

Source: Inman News