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Real Estate & Property Law

: Housing Wire

BofA Clarifies HAMP Mortgage Modifications to Borrowers

By JON PRIOR

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In response to consumers seeking a simplified explanation of credit products, Bank of America (BAC: 15.12 -1.11%) will now provide a one-page summary of key terms to borrowers entering a permanent modification under the Home Affordable Modification Program (HAMP). Through HAMP, the US Treasury Department provides capped incentives to servicers for the modification of loans on [...]

Full post as published by Housing Wire on December 29, 2009 (boomark / email).

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