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Real Estate & Property Law

: Housing Wire

Chase Converts 2% of Offered HAMP Trials into Permanency

By JON PRIOR

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Executives and analysts testified before the House Committee on Financial Services Tuesday outlining the struggles servicers are having converting trial modifications into permanent status under the Home Affordable Modification Program (HAMP). Through HAMP, the US Treasury Department provides allocated capped incentives to servicers for the modification of loans on the verge of foreclosure. For every 100 HAMP [...]

Full post as published by Housing Wire on December 08, 2009 (boomark / email).

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