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Foxx votes to eliminate failed, bailout-era program; bill saves $29 billion
Washington, DC - March 30, 2011 - (RealEstateRama) -- Congresswoman Virginia Foxx (NC-5) voted today for a bill that ends a failed government mortgage modification program, saving taxpayers up to $29 billion. The program, known as Home Affordable Modification Program (HAMP), came into existence in 2009 and is widely criticized by government watchdogs like the Government Accountability Office (GAO). The bill, HR 839, passed the House 252-170
