Obama Unveils Changes to HAMP to Assist Underwater Borrowers, Encourage Wider Use of Principal Writedown
April 1, 2010
President Obama last week announced long-anticipated enhancements to the Home Affordable Modification Program that will provide temporary relief to unemployed homeowners and encouragement for principal reduction for those irretrievably stuck with underwater mortgages.Unveiled March 26, the HAMP improvements came hand in hand with new FHA refinance options with incentives...