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Loan Modification

: The Truth About Mortgage.com

MBA Proposes Bridge to HAMP For Unemployed Borrowers

By scot184

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The Mortgage Bankers Association has unveiled a conceptual forbearance plan for unemployed borrowers unable to take advantage of existing loan modification programs such as the Home Affordable Modification Program (HAMP). Under the program, dubbed ?Bridge to HAMP,? loan servicers would reduce or postpone monthly mortgage payments for qualified borrowers based on their household income for up [...]

Full post as published by The Truth About Mortgage.com on February 24, 2010 (boomark / email).

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