Tag Archives: HAMP
Why banks prefer their own loan mods
Only a fraction of the loan modifications completed in 2012 were through the government’s HAMP Continue reading
FHA helps struggling borrowers
FHA offers new options for borrowers struggling to pay their mortgages. Continue reading
Poll: Foreclosure abuse persists
Statistically, America may be digging out of the foreclosure quagmire caused by subprime mayhem and the subsequent collapse of the housing bubble … Continue reading
HAMP gets extension, expansion
You’ll have more time to seek a mortgage modification under the Home Affordable Modification Program, or HAMP. And maybe your lender will be more likely to write down principal.
HAMP’s expiration date has been extended one year, to the last day of 2013… Continue reading
Busted for bad loan mods
If you’re one of the many homeowners who have gone through the frustrating experience of trying to work with your lender to get a loan modification, this may serve as a bit of consolation.
The U.S. Treasury says it is withholding incentive payments owe… Continue reading
Feds offer online HAMP calculator
Why were you turned down for a HAMP modification?
That’s the question that the U.S. Treasury aims to answer with an online calculator that was posted yesterday. It also can help answer the question: Will I be approved for a HAMP mod?
The calculator can… Continue reading
Congressmen aim to kill HAMP
The debate over the success or failure of the federal government’s Home Affordable Mortgage Program, or HAMP, entered a new phase two weeks ago, when Rep. Jim Jordan, R-Ohio, introduced a bill that would all but eliminate the entire program.
The bill, … Continue reading