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June 26, 2014

FHA Change Prompts Spike in Bank HAMP Activity in First Quarter

By Brandon Ivey

The OCC believes that HAMP loans perform better than proprietary mods because the program places an emphasis on reduced monthly payments, debt-to-income ratios and income verification. Servicers also receive incentive payments.

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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

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30% to 49%
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