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Foreclosure Defense and Loan Modification Blog

CFPB On Loan Modifications, Loss Mitigation In Post-HAMP USA

Posted by Maxwell Swinney

Wednesday, August 10, 2016

The Home Affordable Modification Program (HAMP) is ending December 31, 2016.

It, along with the Home Affordable Refinance Program (HARP) and other programs, began in 2009 as part of the federal government's Making Home Affordable program (MHA), which was designed to help struggling homeowners avoid foreclosure after the housing and economic crisis that began in 2007.

HAMP is the principal component of MHA, and it sets guidelines and gives incentives to mortgage loan servicers to modify mortgages rather than foreclose. Sometimes known as 'the Obama Plan,' it's been a popular option for troubled homeowners.

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Topics: loan modification, HAMP, hamp loan modification, CFPB

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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