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Dennis Norman Last week the Treasury Department issed a report which included stats on the Home Affordable Modification Program (HAMP) which is part of the Obama administrations’ Making Home Affordable Program and “is a loan modification program designed to reduce delinquent and at-risk borrowers’ monthly mortgage payments”. The HAMP program got underway around March of this Continue reading… Borrowers receiving permanent Loan Modifications under HAMP triples in December Dennis Norman This week the Treasury Department issed a report which included stats on the Home Affordable Modification Program (HAMP) which is part of the Obama administrations’ Making Home Affordable Program and “is a loan modification program designed to reduce delinquent and at-risk borrowers’ monthly mortgage payments”. The HAMP program got underway around Continue reading… Is the Obama Administrations’ Home Affordable Modification Program (HAMP) working? Dennis Norman By: Dennis Norman Earlier this week the Treasury Department released it’s eight “Tranche” report updating the status of the TARP (Troubled Asset Relief Program) which includes the Home Affordable Modification Programthat I have written about on several occasions. The report shows that progress is being made with regard to loan modifications with $27.07 billion, of Continue reading… Over 360,000 borrowers have taken advantage of Fed’s Loan Modification Program To alleviate some suffering by homeowners, the Obama Administration introduced the “Making Homes Affordable” plan last March. Unfortunately, the plan has not yet had the intended effect. Article by the Grand Law Firm Economists debate whether or not the country is actually currently in a recession. Some say that there are positive signs that we have reached Continue reading… Mortgage Programs Fall Short in Keeping Homeowners out of Foreclosure Dennis Norman By: Dennis Norman Today as an unfortunate result of the downturn in the real estate market and economy, agents are hearing from past clients that are struggling to keep up with their mortgages and looking for help. Continue reading… Help for your clients needing loan modifications |
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