Items Tagged with 'Making Home Affordable Program'

ARTICLES

  • 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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  • Fed’s final push for HARP?

    #HARPNow... and then maybe never again
    The Federal Housing Finance Agency's Home Affordable Refinance Program is set to expire at the end of 2016. But before it does, the agency will try to reach as many people as possible that can still benefit. There are 367,600 people still eligible, and this new social media campaign should hopefully find them.
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  • Obama Administration considering extension of HAMP servicing rules

    Treasury’s Weiss reiterates opposition to Fannie, Freddie recapitalization
    Despite the fact that the federal government’s Making Home Affordable program is currently set to expire at the end of next year, one Obama administration official says that the mortgage servicing rules that were adopted as part of the Home Affordable Modification Program may be sticking around — permanently.
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  • Treasury announces HAMP changes

    1 million homeowners eligible for new HAMP benefits
    Under the modified HAMP guidelines, announced Thursday in a joint statement by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development, all homeowners in the HAMP program will now be eligible to earn an additional $5,000 in the sixth year of their modification.
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  • Obama administration reveals plan to jump-start housing

    Extends HAMP to 2016, announces measures to attract private capital
    Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Treasury Secretary Jacob Lew announced three new plans to boost housing in the U.S.
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