Tag Archives: HAMP

Higher Rates to Ensue for Many Modified Mortgages

| January 29, 2014

According to a recent government report from the office of the Special Inspector General of the Troubled Asset Relief Program (SIGTARP), 800,000 homeowners who received loan modifications during the financial crisis will begin to see their monthly payments go up by about $200 a month. About 30,000 homeowners will experience their first set of higher […]

Treasury Says HAMP Didn’t Really Help Homeowners

| September 21, 2012

The Treasury Department recently released a report showing that, as of June 30, more than 1 million temporary and permanent loan modifications have failed since the start of the Home Affordable Modification Program (HAMP) took effect three years ago. According to the report, had the larger servicers were better-equipped to handle the crushing caseload of […]