Home Affordable Modification Program : Loan Modification Key

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Best practices on how to continue loss mitigation needs

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.   Falling under the government’s Making Home Affordable program, HAMP and HARP were created as solutions after the housing crisis to keep struggling

Obama administration presents a look at life after HAMP and HARP

Accessibility: Ensuring that there is a simple process in place for homeowners to seek mortgage assistance and that as many homeowners as possible are able to easily obtain the needed and appropriate level of assistance. Affordability: Providing homeowners with meaningful payment relief that addresses the needs of the homeowner, the servicer and the investor, to

FHA Makes Enhancements to Distressed Loan Sales Program – DSNews

“FHA is deeply committed to protecting struggling homeowners and making certain they have the greatest opportunities to avoid foreclosure and remain in their homes.” Ed Golding, Principal Deputy Assistant Secretary, HUD.   HUD announced on Thursday that is making the most significant improvements to date for its Distressed Asset Stabilization Program (DASP) that include requiring

Ocwen and NID Announce California-Focused Homeowner Initiative – NASDAQ.com

WEST PALM BEACH, Fla., June 30, 2016 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE:OCN), a leading financial services holding company, and NID Housing Counseling Agency (NID), a U.S. Department of Housing and Urban Development (HUD)-approved counseling organization headquartered in Oakland, CA, announced today a formal collaboration aimed at fostering homeownership and preventing foreclosure. The initiative,

FHFA: Here’s What HAMP Borrowers Facing Resets Can Do – DSNews

Fannie Mae and Freddie Mac have offered several possible solutions for borrowers who received modifications through the government’s Home Affordable Modification Program (HAMP) who are facing increased monthly payments when the interest rates on their modifications reset, according to the FHFA’s 2015 Annual Report to Congress released on Wednesday. The government launched HAMP in February 2009

Mortgage Relief Programs Expiring Soon for Homeowners | NBC Chicago

Time is running out for two federal programs designed to help homeowners who are facing foreclosure. The programs have already helped thousands of families in the Chicago area modify or refinance their mortgages, but the relief is scheduled to expire December 31. Consumers who qualify for the government’s Home Affordable Modification Program (HAMP) and Home

EIGHT LOAN MODS APPROVED INCLUDING NATIONSTAR – $194,265.00 FORGIVEN

Click the pictures to MAGNIFY our results  ►► View the original newsletter in your browser Loan Modification Key™ Stands Apart NATIONSTAR $194,265.00 PRINCIPAL FORGIVENESS AUGUST 2015 OCWEN $49,667.85 PRINCIPAL FORGIVENESS JUNE 2015 PENNYMAC $206,000.00 PRINCIPAL FORGIVENESS AUGUST 2015 WELLS FARGO HAMP $660.51 MONTHLY SAVINGS – AUGUST 2015   SELECT PORTFOLIO $788.02 MONTHLY SAVINGS – JULY 2015 US BANK HAMP

Freddie Mac Will Require Re-Modifications of Previously Modified Loans

“On March 17, 2015, Freddie Mac issued an update to its Single-Family Seller/Servicer Guide (“Guide”) requiring servicers to offer additional modifications on previously modified step-rate mortgages.  This requirement will take effect July 1, 2015. By requiring loan re-modifications, Freddie Mac is seeking to address what has been on everyone’s mind for a while—the expiring HAMP

Florida’s foreclosure prevention program shifts tactics

“Florida’s $1 billion foreclosure prevention program, which has historically helped homeowners fight off bank repossessions with mortgage assistance, might start pitching in for first-time homebuyers’ down payments. The proposal would earmark $50 million for down payments from the federal Hardest Hit Fund, which was created with taxpayer money, a publication reported. The program has until
IMPORTANT: The text in this website and product(s) sold on this website do not substitute for legal advice. Nor does the text substitute for real estate, financial, tax, bankruptcy or other professional advice. Loan Modification Key® and its owner(s) cannot and do not guarantee results from any lender or servicer. Loan Modification Key® and its owner(s) do not represent any loan modification program or governmental program. Loan Modification Key® and its owner(s) do not represent any government agency. The text herein represents information, opinion and expertise gathered in the last several years' experience in the mortgage industry. Loan Modification Key® is a non-profit 501 (c)(3) tax-exempt organization.
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