H4H Incentive Payments Surface in Obama Loan Mod Plan, MBA Asks for Program Tweaks
March 13, 2009
Details released by the Obama administration last week about its loan modification initiative, the Home Affordable Modification program, contain guidelines for incentive payments in FHA’s HOPE for Homeowners refinance program, but the payments won’t be possible without further legislation. The Home Affordable Modification program’s 17-page guidelines spell out specifics for...