Volume 21 - Number 3
February 9, 2010
Treasury Refines HAMP Paperwork Process to Boost Trial Conversions
Starting this summer, mortgage servicers will begin verifying income documentation before offering a borrower a trial modification plan – a move the Obama administration hopes will lead to more conversions to permanent modifications. The changes to the Home Affordable Modification Program announced Jan. 28 by the Treasury Department would address the problem of insufficient, misplaced or lost...
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