HAMP Program: Learn the Short Cut to Approval!
While this topic has been covered already, it’s an important one to focus on again. HAMP, the Home Affordable Modification Program that the Obama Administration pushed through, is failing to bring relief where it was intended to go. This program was funded with $50 billion dollars from the Troubled Asset Relief Program (TARP). One in ten- The Congressional Oversight Panel has released information recently that shows that merely a fraction of the homeowners who are more than two months behind on their mortgage payments have received any viable help whatsoever. 228,000 homeowners are said to have received a loan modification through the HAMP program so far. There are more than six million who meet the eligibility requirements with regard to late payments.