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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA Servicers May Get Incentives for Successful Modification

By Implode-Explode Heavy Industries

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"The US Department of Housing and Urban Development (HUD) is negotiating with the US Treasury Department to secure incentive payments to give to the Federal Housing Administration (FHA) mortgage servicers that pull off successful modifications made under Home Affordable Modification Program (HAMP), according to Vance Morris, director office of single-family asset management at HUD."

Full post as published by Mortgage Lender Implode-o-Meter on February 25, 2010 (boomark / email).

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