Treasury not ruling out changes in last year of HAMP

For the most part HAMP has been nothing but a huge failure as well as a waste of taxpayer money. How could a program like HAMP be successful when their underwriting standards are more stringent than the borrower's original loan??? Or at the start of a "trial mod" when the bank NEVER tells the borrower that if they're not approved for a modification that they will owe all of back payments they didn't make while the bank wasted time determining if the borrower qualified for a modification. Modifications - so simple unless you're a servicer or the Fed.

http://www.housingwire.com/2012/01/05/treasury-not-ruling-out-changes-in-last-year-of-hamp