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Loan Modification

: The Truth About Mortgage.com

New HAMP Changes to Slow Foreclosures

By scot184

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A number of changes are expected to be announced regarding the Home Affordable Modification Program (HAMP), which should slow the pace of foreclosures, for better or worse. Herbert M. Allison, Assistant Secretary for Financial Stability, testified before the House Committee on Oversight and Government Reform today, detailing the added ?borrower protections.? The guidance will force loan servicers [...]

Full post as published by The Truth About Mortgage.com on March 25, 2010 (boomark / email).

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