To any San Diegan who’s struggling to pay the mortgage on an “underwater” home, it will probably come as no surprise that the government last week determined that its program to keep homeowners out of foreclosure may be far too small to face the increasing wave of defaults.

In a good-news, bad-news pair of announcements last week, the Treasury Department revealed that its Home Affordable Modification Program, or HAMP, is nearly a month ahead of its Nov. 1 deadline to get lenders to modify the terms of 500,000 loans.

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