Bank Of America Says Quadrupled “permanent” HAMP Mortgage Modifications.
Of course, it is easier to get big percentage gains when you start with small numbers.
3,200 permanent HAMP mortgage modifications was the starting number here, as of the end of 2009.
No word on how many of these lowered the principal balance, or if the bank just agreed [...]
Category Archives: HAMP
HAMP Mortgage Modifications Quadrupled, Says Bank Of America
First HAMP, Now HAFA!
If you liked Home Affordable Modification Program, you will love Home Affordable Foreclosure Assistance!
This plan (40 pages long) assists the mortgage companies in getting you out of your house, by short sale, or deed in lieu of foreclosure, which is signing a deed to give your house to the mortgage company, instead of making them [...]
H.A.M.P. Program Changes Announced
Supplemental Directive 10-01 is available at: https://www.hmpadmin.com/portal/docs/hamp_servicer/sd1001.pdf
From page 1:
A significant program change is a requirement for full verification of borrower eligibility prior to offering a trial period plan. Effective for all HAMP trial period plans with effective dates on or after June 1, 2010, a servicer may only offer a borrower a trial period plan [...]
HAMP Trial Modifications Extended To January 31, 2010
Sorry for the lag between posts, the ever popular technical difficulties!
Would have gotten this out sooner, all pending HAMP trial modifications that were set to expire are extended to the end of this month.
This does not help those waiting to hear, who are not yet in the trial period.
The government imposed additional reporting conditions on [...]
