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Home » Store » News » Obama Administration Wants 500,000 Modifications Begun by Nov. 1, Servicers Confident They Can Do It

Obama Administration Wants 500,000 Modifications Begun by Nov. 1, Servicers Confident They Can Do It

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Under pressure to accelerate homeowner assistance under the Home Affordable Modification Program, mortgage servicers have agreed to work harder to achieve the Obama administration’s goal set this week to get 500,000 trial modifications underway by Nov. 1. The ambitious HAMP target was announced after senior officials with the Treasury Department and the Department of Housing...
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