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Real Estate & Property Law

: The Home Equity Theft Reporter

Servicing Handbook Issued By Treasury Department Sets Forth New Rules For HAMP-Participating Loan Servicers When Evaluating Loan Modifications

By r morris

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Lexology reports:There is a new manual governing HAMP loan modification practices, and the changes, often subtle but important, are worth noting. The United States Department of Treasury created the Home Affordable Modification Program (?HAMP?) to assist homeowners in default (or at risk of default) on their mortgages.***Although participation in the program is voluntary, HAMP imposes a number of

Full post as published by The Home Equity Theft Reporter on September 08, 2010 (boomark / email).

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