Verdict Still Out on Number of Loans Being Modified
July 20th, 2009 categories: Loan Modification
The results of the Home Affordable Modification Program (HAMP) which the administration has reported will help prevent foreclosure for 9 million people will be coming out in July 2009.
The HAMP program began in April and HAMP data will be evaluated after a borrower completes a three-month loan modification trial period. It will be interesting to see the number of people actually being helped under this program.
