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Volume 14 - Number 5

March 12, 2010

Servicers Trying to Work Around HAMP Program

With the Home Affordable Modification Program not living up to expectations and causing stress for servicers, numerous industry participants are asking how they can wriggle out of their participation agreements, and large servicers are now turning to their own loss mitigation efforts. As of the end of January, slightly more than 1 million HAMP trials had been started, but less...

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