Here is a typical article, but what is promising is this quote
"Administration officials say they are well aware of the problems and are leaning on the banks to do better. Servicers will have to report the results of their efforts within the next month or two, opening them up to public and government scrutiny, said Seth Wheeler, senior adviser at the Treasury Department. "
Rest of article
Obama mortgage plan needs work - Jul. 8, 2009
Perhaps seeing GMAC's numbers will let us know if they are approving anyone!