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Home » Store » News » Fewer HAMP Trials, Permanent Modifications Started in May as Cancellations Spike Higher

Fewer HAMP Trials, Permanent Modifications Started in May as Cancellations Spike Higher

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The Obama administration’s Home Affordable Modification Program saw a marked decline in new trial modifications offered and started in May, while increasing numbers of homeowners were washed out of the program. Only 19,424 new HAMP trials were offered to borrowers in May, a 62 percent decline from the previous month and – by far – the lowest monthly number of the year... [Includes one chart]
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