June Update on Progress of HAMP Program

The Home Affordable Modification Program (HAMP) seems to be helping at least some distressed homeowners, but as of June 1, 2010 all Mods must be based on verifiable income. The following write-up adds some additional insight: HAMP...
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About HMPadmin.com

In March 2009, the Obama Administration published detailed program guidelines for Making Home Affordable (MHA) Program. Mortgage servicers were authorized to begin modifications under the plan immediately. With assistance of several government agencies, GSEs and servicers –...
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LA Times Article – May 18, 2010

Tuesday, May 18, 2010 Lenders likely to order second, last-minute credit report before closing on a mortgage Changes taking effect June 1 are part of Fannie Mae’s ‘loan quality initiative’ to cut down on slipshod...
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Bad News or Good News?

Wed (3/25) top story was “New Home Sales” fell to record low in February as glut of foreclosed homes and a weak economy dampened the housing market. New-home sales fell 2.2% to seasonally adjusted rate of 308,000 last month, compared to ...
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