Reapply for Second HAMP Modification

Reapply for Second HAMP Modification

If you have obtained a HAMP modification and you have redefaulted, you may be eligible for a new modification under HAMP Tier 2. HAMP 2 allows a second HAMP modification if there is a new hardship. The Making Home Affordable Program was introduced in February, 2009....
One Third of HAMP Modifications Redefault

One Third of HAMP Modifications Redefault

Three Years Later, One Third of HAMP Loan-Mods are Redefaulting Supposedly permanent loan modifications are defaulting at what the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) calls an “alarming rate”. The government’s Home...

Mandelman Again on HAMP 2

Things I think homeowners should know about loan modifications & HAMP-2 If you already know who I am… great.  If you don’t, you can find out after you read this, but for the moment suffice it to say that I’ve had a front row seat for the foreclosure crisis.  Over...

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