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Home » Store » News » Treasury Department Releases Principal Reduction Guidelines for HAMP, Interprets Servicer Safe Harbor

Treasury Department Releases Principal Reduction Guidelines for HAMP, Interprets Servicer Safe Harbor

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Servicers handling loans pooled in non-agency mortgage securities or held in an investor’s portfolio received marching orders this week on implementation of the Obama administration’s plan for modifying seriously underwater mortgages. The Principal Reduction Alternative is another wrinkle in the Home Affordable Modification Program that was designed for distressed mortgages that have a current...
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