Items Tagged with 'Home Affordable Modification Program'

ARTICLES

  • FHFA: HARP extended through 2018

    Refinance program previously set to end next month
    The government’s Home Affordable Refinance Program was all set to end next month, September 30, to be exact, but that’s not the case anymore. The Federal Housing Finance Agency announced Thursday that it is extending HARP through Dec. 31, 2018, adding an additional 15 months onto the program’s already extended lifespan.
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  • Saying goodbye to HAMP isn’t the end for struggling homeowners

    This is what the change means to Fitch Ratings
    Dec. 31, 2016 marks the end of an important seven-year government program. The Home Affordable Modification Program launched to save struggling homeowners who are behind on their mortgage, and will soon come to an end. It’s not all downhill come Jan. 1 though. The New Year brings the start of a new system that can still be beneficial for all parties involved.
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  • What's after HAMP? MBA proposes loan modification program

    "One Mod: Principles for Post-HAMP Loan Modifications"
    With the end of both the Home Affordable Modification Program and the Home Affordable Refinance Program getting close, the government is working to come up with new refinance options for borrowers. The latest program proposal comes from the Mortgage Bankers Association. The MBA's Task Force revealed a program proposal on Friday that is designed to be successor program to the Home Affordable Modification Program.
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  • CFPB: Best practices on how to continue loss-mitigation needs

    Lessons from HAMP
    Besides the start of a new year, Jan. 1, 2017 will also mark the first time since 2009 that the government’s Home Affordable Modification Program and Home Affordable Refinance Program will not exist. But now that the end date on these programs is rapidly approaching, government agencies are quickly reminding the industry of the loss-mitigation programs and options available. This includes the CFPB.
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  • Obama administration presents a look at life after HAMP

    Feds provide a preview of what's next
    Time is ticking on the government's Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.
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  • HOPE NOW: 1.45 million homeowners rescued from foreclosure in 2015

    420,000 permanent loan modifications completed for the year
    HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and nonprofit counselors, released its final 2015 loan modification data report, which shows that 1.45 million homeowners received a foreclosure alternative solution. But, there's more.
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