This is an open forum video to President Obama, Senators, Congress, & all Criminal Bankers. We are in a housing crisis and little is being done to help homeowners. If you are in foreclosure, or entering foreclosure, please leave a comment on this video. Let us hope this country wakes up to the plight of American Homewoners. They can’t throw 12 million people out of their homes. ! people are losing their homes at an unprecedented rate, and a man in Ohio recently bulldozed his home so the bankers could not have it. \r\n\r\n\r\n\r\nThis is a problem of mammoth proportions, Goodman said. You cant throw 12 million people out of their homes, so you need a successful modification program. My fear is that this isnt it, but Im highly confident that the administration will continue to iterate until they succeed. \r\n\r\nThe Treasury proposal would require all borrowers who are 60 or more days delinquent on their mortgage to be sought out for participation in HAMP. Mortgage companies would need to try to contact the borrower at least four times by phone and twice by certified mail over 30 or more days before going to foreclosure. \r\n\r\nUnder current Treasury policy, foreclosure proceedings are only halted when a borrower receives a permanent modification plan. \r\n\r\nHouse Republicans criticized HAMP as a failure today, saying in a report that it is prolonging the economic crisis and harming homeowners. \r\nBy every empirical measure, HAMP has failed, according to the 18-page report released by Republicans on the House Oversight and Government Reform Committee. In its current form, HAMP both hurts homeowners who might otherwise spend their trial-period mortgage payments on rent and also distorts the housing market, delaying any recovery. \r\n