Detailed text transcripts for TV channel - CNN - 20110530:13:32:00
>> reporter: millions of families, up to 4 million, in fact, were supposed to avoid foreclosure under the plan. to date, it has kept just 630,000 in their homes. neil barofsky, the former independent watchdog for the program, has become its chief critic. this is his interview since resigning last month. >> reporter: so how do you characterize the outcome of this program? >> it's a failure. i really think it's difficult to define it anything other than an abject failure. >> reporter: lenders whose loans to people who couldn't afford them led to the foreclosure crisis were supposed to modify loa...