Tuesday, April 12, 2011

Treasury Will Publish Servicer Scorecard Based on HAMP Performance

Timothy Massad, acting assistant Treasury secretary, said this week that beginning next month Treasury will start publishing a scorecard grading the largest servicers based on their compliance with the Home Affordable Modification Program (HAMP). Though members of the House voted yesterday to end the program, the Treasury is moving forward with its plans to hold servicers publicly accountable, basing the first report on performance in 2010. Massad says Treasury will withhold financial incentives for unsatisfactory grades.  http://www.dsnews.com/articles/treasury-will-publish-servicer-scorecard-based-on-hamp-performance-2011-03-30