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Home » Store » Non-Agency MBS » Most Non-Agency Loss Mit Is Proprietary, Prompting HAMP Changes from Treasury

Most Non-Agency Loss Mit Is Proprietary, Prompting HAMP Changes from Treasury

$150.00
Non-Agency MBS

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The Treasury Department is making significant changes to the Home Affordable Modification Program designed to match some of the success servicers have had with proprietary loss mitigation programs.Non-agency servicers participating in the Home Affordable Foreclosure Alternatives short sale and deed-in-lieu of foreclosure portion of HAMP need to update their policies immediately, the Treasury announced this week. The structure for servicer incentive payments on non-agency first-lien HAMP mods will also change in October. "Unless prohibited by ... [includes one data chart]
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