Ending the Making Home Affordable (MHA) Program would increase avoidable foreclosures and put the fragile housing market in worse shape, the program's director told an audience at the SourceMedia Mortgage Servicing Conference Tuesday.

Laurie Anne Maggiano, director of policy in the Treasury Department's Office of Homeownership Preservation, defended the program that she helped create, in light of Congressional criticism that Home Affordable Modification Program (HAMP) is a 'failure and complete waste of taxpayer money,' and a House of Representatives vote to end the program.

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