The Home Affordable Modification Program (HAMP) is not having the expected effect on the forecloure crisis. Some have estimated that by 2012 as many as 13 million home mortgages will go through complete foreclosure process. It has been predicted by the Congressional Oversight Panel that less than 800,000 foreclosures will be prevented under the HAMP. “When viewed in light of the millions of foreclosure completions since 2007 and the large number waiting in the pipeline due to continued hardships from high unemployment rates and lower home values, HAMP has failed to make a significant dent in the number of foreclosures and does not appear likely to do so in the future,” the Panel stated in its December 2010 report.