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The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]
HAMP is on life support, thanks to a U.S House of Representatives vote on Tuesday. The House voted 252 to 170 to end the widely criticized Home Affordable Modification Program, with Republicans ...
Alamy A new federal government report says that more than 163,000 of the 600,000 or so homeowners who received permanent loan modifications under the Home Affordable Modification Program have ...
The administration said it was expanding eligibility for its Home Affordable Modification Program, known as HAMP, to borrowers with higher debt loads and tripling the incentives it pays banks that ...
I think someone is confusing the Home Affordable Modification Program (HAMP) with the Home Affordable Refinance Program (HARP). When HARP started there was a 105% LTV limit. This was changed to 125% on July 1, 2009 and completely removed in December 2011. HAMP has no such limit. --Pascal 666 06:25, 12 January 2012 (UTC)
Turned down for a mortgage modification? You may now have a second chance. To stem a new wave of foreclosures, the federal government is spreading the safety net to catch home loans in trouble.
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