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Loan Modification

: Loan Modification & Home Loan News

HAMP = 1 Loan Modification to Every 10 Foreclosures

By Moe Bedard

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The president’s foreclosure-prevention plan will likely assist only 1 million troubled borrowers, short of the administration’s original goal of up to 4 million homeowners. The program is funded with $50 billion in Troubled Assets Relief, or TARP, funds, putting it under the panel’s purview. “For every borrower who avoided foreclosure through HAMP last year, another 10 [...]

Full post as published by Loan Modification & Home Loan News on April 14, 2010 (boomark / email).

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