Tag Archives: Mortgage Modification
Mortgage Modifications In The Post-HAMP Era
The government’s Home Affordable Modification Plan went away at the end of 2016, but there are still mortgage modification options available to the vast majority of distressed homeowners. Fannie Mae and Freddie Mac both participate in the Flex Modification plan. The process is much the same. Homeowners must have a documented hardship, like a… Read More »
Sun Setting On HAMP
The end of 2016 also means the end of the government’s Home Affordable Modification Program, an initiative that has helped many distressed homeowners, and in other situations, made already-stressful situations nearly unbearable. HAMP appeared in 2009, just as the foreclosure crisis reached a crescendo. At the crisis’ height, one in every 300 households received… Read More »