GOP claims mortgage rescue books are cooked
Republicans are charging that the Obama administration has cooked the books on its home mortgage rescue program to make it look like it's a success when, they claim, it is actually a flop. Even some Democrats are starting to doubt whether the Home Affordable Modification Program is an historic success or a colossal failure. The Obama administration announced last week that banks were finally becoming more generous to desperate homeowners and the number of mortgages granted lower finance rates had increased in February by 45%. Now that over 1.3m homeowners have received offers to participate in the program, the administration said they are now more than a third of the way towards reaching the plan's goals.