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Loan Modification

: The Truth About Mortgage.com

Congress: HAMP Will Only Prevent 700k Foreclosures

By scot184

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Only about 700,000 foreclosures will be prevented by the Home Affordable Modification Program (HAMP), according to a Congressional Oversight Panel report released today. The report, titled, “A Review of Treasury’s Foreclosure Prevention Programs,” said that number is far fewer than the three to four million foreclosures the program originally aimed to prevent. And it’s just a drop [...]

Full post as published by The Truth About Mortgage.com on December 14, 2010 (boomark / email).

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