Wednesday, August 25, 2010

HAMP in a Nose Dive


http://www.financialstability.gov/docs/JulyMHAPublic2010.pdf


The latest performance report shows that nearly half of the homeowners approved for trial modifications have fallen out of the program. As of the end of July, 616,839 HAMP trials have been cancelled, out of the 1,307,489 trials started since the program began.