Moody's Investors Service  analysis shows that only 400,000 to one million loans will be saved from foreclosure by Home Affordable Modification Plan (HAMP), which the rating agency called a linchpin in the Obama administration's plan to stabilize the housing market.

The program is aimed at keeping millions of homeowners out of foreclosure. The number stated above is far short of the three to four million loans that the administration had hoped for when the program was first announced, according to the rating agency in its newest ResiLandscape publication.

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