Volume 2014 - Number 2
January 17, 2014
Mods of Second Liens Increasing via HAMP
The Home Affordable Modification Programs second-lien loss-mitigation program has seen increased activity in recent months and is poised for further growth as agency mortgages were recently added to the program. About $2.5 billion in outstanding second-lien balances have been forgiven via the program. Some 123,714 HAMP Second-Lien Modification Program mods were active as of the end of November, according to the Treasury Department. Through 11 months in 2013, 21,000 2MP mods had been started ...
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