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Posts Tagged ‘HAMP’

July 12, 2011 More Help for Unemployed Homeowners

Last week, the Obama administration made policy changes to help unemployed homeowners with FHA-backed home loans prevent foreclosure. Under the current policy, unemployed homeowners who qualify can stop making mortgage payments for four months, but given today’s particularly depressed job market and the length of time those who lose their jobs stay out of work, [...]

March 11, 2010 Home Affordable Foreclosure Alternatives

On April 5, a new section will be added to the Home Affordable Modification Program (HAMP), called Home Affordable Foreclosure Alternatives (HAFA). HAFA offers incentives to lenders to allow underwater homeowners to short sell their homes or alternatively, allows a homeowner to turn is or her home and its title over to the lender, which [...]