• Ocwen10.70-0.12 -1.11%
  • Zillow76.91-2.64 -3.32%
  • Trulia+0 +0%
  • NationStar17.89-0.03 -0.17%
  • CoreLogic39.10-1.31 -3.24%
  • RE/MAX38.55+0.02 +0.05%
  • Fannie Mae2.41-0.13 -5.12%
  • Freddie Mac2.34-0.09 -3.70%
  • Wells Fargo57.59-0.19 -0.33%
  • CitiMortgage57.96-0.74 -1.26%
  • Bank of America17.67-0.23 -1.28%
  • Fidelity National Financial38.95-0.03 -0.08%
  • First American39.66-0.62 -1.54%
  • AUDUSD=X0.7302+0.0035 +0.4754%
  • USDJPY=X123.6250+0.3650 +0.2961%
  • WP Stock Ticker
Home | Tag Archives: HAMP

Tag Archives: HAMP

FHFA Announces Extension of HARP and HAMP Until the End of 2016


*+-The government's Home Affordable Refinance Program (HARP) and Home Affordable Modification Program (HAMP) will be extended until the end of 2016, according to an announcement from FHFA Director Mel Watt on Friday. Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of HARP, which was set to expire at the end of this year. The one-year extension until the end of 2016 for HAMP was previously announced in July. Both of the government's affordable housing programs began in 2009 in response to the housing crisis.

Read More »

Report: GSEs’ HAMP Modifications Perform Better Than Non-HAMP Mods


*+-According to FHFA, nearly 1.1 million distressed homeowners have been offered a HAMP modification since April 2009, when Treasury and HUD started the program. Out of those, approximately 638,200 homeowners received permanent modifications. As of the end of the fourth quarter, about 7,700 homeowners were currently involved in a trial HAMP modification.

Read More »

GSEs to Streamline Modifications for Homeowners at Risk of Default


*+-Servicers are now required to evaluate mortgage loans backed by the two GSEs and actively reach out to borrowers to offer a streamlined loan modification if the mortgage loan was previously modified to include a step-rate feature (which allows for a gradual rate increase in the first few years) and if the mortgage rate becomes 60 days delinquent in the first 12 months following a rate increase.

Read More »

Can HAMP Borrowers Absorb Higher Payments When Mods Reset?


*+-Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government's Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015 – and those homeowners will be facing slowly increasing monthly mortgage payments. Will these homeowners be able to handle the payment increases, or will there be a massive wave of re-defaults?

Read More »

Recent HAMP Loan Mods Re-Defaulting At Higher Rates


*+-Loan modifications facilitated through the government's Home Affordable Mortgage Program (HAMP) have historically re-defaulted at a lower rate than proprietary loan modifications, but HAMP mods facilitated in 2014 began re-defaulting at a higher rate than those modified in the two previous years, according to Black Knight Financial Services' November 2014 Mortgage Monitor released on Monday.

Read More »
Scroll To Top