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Home » Store » News » New Federal Regulation to Make HAMP Mortgage Servicing Standards Permanent Looks Unlikely

New Federal Regulation to Make HAMP Mortgage Servicing Standards Permanent Looks Unlikely

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Comments last week by a high-ranking official at the Treasury Department suggested that the Treasury was working toward making servicing standards in the Home Affordable Modification Program permanent. However, a source with knowledge of the Treasury’s efforts suggested that any continuation of HAMP servicing standards would be voluntary. Treasury Counselor Antonio Weiss said the Treasury has recently held several conversations with stakeholders to find common ground to continue the standardization and transparency that HAMP has brought to mortgage servicing. “Chief among these reforms are...
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